Loan Comparison: 3.92% vs 6.5%
15908 St. Paul, Thornton, CO 80602 · 3bd/3ba · $695,000
List Price
$695,000
Assumable Rate
3.92%
Remaining Balance
$324,073
Equity Gap
$370,927
Loan Type
VAAdjust Your Scenario
$34,750
$34,750$370,927
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.92% (VA)
Blended Rate: 6.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,173/moAssumable @ 3.92% + gap loan
$4,117/moAssumed loan: $1,532/mo
Gap financing: $2,585/mo
$56less per month with the assumable
Your Savings on This Property
15908 St. Paul, Thornton · 3.92% VA vs 6.5% conventional
$56
per month
$673
per year
$20,179
over 30 years
$20,179
interest saved
How gap financing works: The equity gap ($370,927) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($34,750, 5% of purchase price) and a second mortgage for the rest ($336,177 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.
🏠
Back to This Listing
View photos, details, and request a showing for 15908 St. Paul.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.