Loan Comparison: 3.44% vs 6.5%
12734 Leyden, Thornton, CO 80602 · 3bd/3ba · $425,000
List Price
$425,000
Assumable Rate
3.44%
Remaining Balance
$213,721
Equity Gap
$211,279
Loan Type
VAAdjust Your Scenario
$21,250
$21,250$211,279
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.44% (VA)
Blended Rate: 5.82%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,552/moAssumable @ 3.44% + gap loan
$2,414/moAssumed loan: $953/mo
Gap financing: $1,461/mo
$138less per month with the assumable
Your Savings on This Property
12734 Leyden, Thornton · 3.44% VA vs 6.5% conventional
$138
per month
$1,659
per year
$49,773
over 30 years
$49,773
interest saved
How gap financing works: The equity gap ($211,279) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,250, 5% of purchase price) and a second mortgage for the rest ($190,029 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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