Loan Comparison: 3.61% vs 6.5%
1272 130th, Thornton, CO 80241 · 2bd/3ba · $449,500
List Price
$449,500
Assumable Rate
3.61%
Remaining Balance
$225,535
Equity Gap
$223,964
Loan Type
VAAdjust Your Scenario
$22,475
$22,475$223,964
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.61% (VA)
Blended Rate: 5.92%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,699/moAssumable @ 3.61% + gap loan
$2,576/moAssumed loan: $1,027/mo
Gap financing: $1,549/mo
$123less per month with the assumable
Your Savings on This Property
1272 130th, Thornton · 3.61% VA vs 6.5% conventional
$123
per month
$1,478
per year
$44,338
over 30 years
$44,337
interest saved
How gap financing works: The equity gap ($223,964) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($22,475, 5% of purchase price) and a second mortgage for the rest ($201,489 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.
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