Loan Comparison: 4% vs 6.5%
13342 Birch, Thornton, CO 80241 · 2bd/2ba · $435,000
List Price
$435,000
Assumable Rate
4%
Remaining Balance
$64,272
Equity Gap
$372,040
Loan Type
FHAAdjust Your Scenario
$21,750
$21,750$372,040
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4% (FHA)
Blended Rate: 7.80%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,612/moAssumable @ 4% + gap loan
$3,000/moAssumed loan: $307/mo
Gap financing: $2,693/mo
Your Savings on This Property
13342 Birch, Thornton · 4% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($372,040) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,750, 5% of purchase price) and a second mortgage for the rest ($350,290 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 13342 Birch.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.