Loan Comparison: 3.45% vs 6.5%
15131 Gaylord, Thornton, CO 80602 · 4bd/3ba · $729,900
List Price
$729,900
Assumable Rate
3.45%
Remaining Balance
$540,945
Equity Gap
$187,885
Loan Type
FHAAdjust Your Scenario
$36,495
$36,495$187,885
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.45% (FHA)
Blended Rate: 4.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,383/moAssumable @ 3.45% + gap loan
$3,578/moAssumed loan: $2,414/mo
Gap financing: $1,164/mo
$805less per month with the assumable
Your Savings on This Property
15131 Gaylord, Thornton · 3.45% FHA vs 6.5% conventional
$805
per month
$9,657
per year
$289,700
over 30 years
$288,630
interest saved
How gap financing works: The equity gap ($187,885) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($36,495, 5% of purchase price) and a second mortgage for the rest ($151,390 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
đ
Back to This Listing
View photos, details, and request a showing for 15131 Gaylord.
View Listing Detailsđ
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.