Loan Comparison: 3.69% vs 6.5%
9441 Cedar, Thornton, CO 80229 · 3bd/2ba · $365,000
List Price
$365,000
Assumable Rate
3.69%
Remaining Balance
$265,992
Equity Gap
$98,418
Loan Type
VAAdjust Your Scenario
$18,250
$18,250$98,418
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (VA)
Blended Rate: 4.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,192/moAssumable @ 3.69% + gap loan
$1,839/moAssumed loan: $1,223/mo
Gap financing: $616/mo
$352less per month with the assumable
Your Savings on This Property
9441 Cedar, Thornton · 3.69% VA vs 6.5% conventional
$352
per month
$4,230
per year
$126,886
over 30 years
$126,296
interest saved
How gap financing works: The equity gap ($98,418) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,250, 5% of purchase price) and a second mortgage for the rest ($80,168 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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