Loan Comparison: 3.47% vs 6.5%
4560 Cottonwood Lakes, Thornton, CO 80241 · 3bd/3ba · $550,000
List Price
$550,000
Assumable Rate
3.47%
Remaining Balance
$385,129
Equity Gap
$165,726
Loan Type
VAAdjust Your Scenario
$27,500
$27,500$165,726
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 3.47% + gap loan
$2,786/moAssumed loan: $1,723/mo
Gap financing: $1,063/mo
$517less per month with the assumable
Your Savings on This Property
4560 Cottonwood Lakes, Thornton · 3.47% VA vs 6.5% conventional
$517
per month
$6,201
per year
$186,033
over 30 years
$186,888
interest saved
How gap financing works: The equity gap ($165,726) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($138,226 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 4560 Cottonwood Lakes.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.