Loan Comparison: 2.89% vs 6.5%
12175 Bellaire, Thornton, CO 80241 · 3bd/2ba · $465,000
List Price
$465,000
Assumable Rate
2.89%
Remaining Balance
$256,795
Equity Gap
$209,398
Loan Type
FHAAdjust Your Scenario
$23,250
$23,250$209,398
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.89% (FHA)
Blended Rate: 5.25%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,792/moAssumable @ 2.89% + gap loan
$2,499/moAssumed loan: $1,067/mo
Gap financing: $1,431/mo
$293less per month with the assumable
Your Savings on This Property
12175 Bellaire, Thornton · 2.89% FHA vs 6.5% conventional
$293
per month
$3,520
per year
$105,610
over 30 years
$106,803
interest saved
How gap financing works: The equity gap ($209,398) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,250, 5% of purchase price) and a second mortgage for the rest ($186,148 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 12175 Bellaire.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.