Loan Comparison: 3.47% vs 6.5%
8952 Fox, Thornton, CO 80260 · 2bd/2ba · $369,000
List Price
$369,000
Assumable Rate
3.47%
Remaining Balance
$226,259
Equity Gap
$144,244
Loan Type
VAAdjust Your Scenario
$18,450
$18,450$144,244
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.47% (VA)
Blended Rate: 5.27%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,216/moAssumable @ 3.47% + gap loan
$1,979/moAssumed loan: $1,012/mo
Gap financing: $967/mo
$236less per month with the assumable
Your Savings on This Property
8952 Fox, Thornton · 3.47% VA vs 6.5% conventional
$236
per month
$2,835
per year
$85,050
over 30 years
$86,553
interest saved
How gap financing works: The equity gap ($144,244) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($18,450, 5% of purchase price) and a second mortgage for the rest ($125,794 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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