Loan Comparison: 5.41% vs 6.5%
12965 Grant, Thornton, CO 80241 · 2bd/3ba · $430,000
List Price
$430,000
Assumable Rate
5.41%
Remaining Balance
$391,217
Equity Gap
$40,455
Loan Type
FHAAdjust Your Scenario
$21,500
$21,500$40,455
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 5.41% (FHA)
Blended Rate: 5.55%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,582/moAssumable @ 5.41% + gap loan
$2,345/moAssumed loan: $2,199/mo
Gap financing: $146/mo
$237less per month with the assumable
Your Savings on This Property
12965 Grant, Thornton · 5.41% FHA vs 6.5% conventional
$237
per month
$2,844
per year
$85,321
over 30 years
$86,993
interest saved
How gap financing works: The equity gap ($40,455) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($21,500, 5% of purchase price) and a second mortgage for the rest ($18,955 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 12965 Grant.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.