Loan Comparison: 2.48% vs 6.5%
2002 Ridge Road, Littleton, CO 80120 · 5bd/5ba · $839,000
List Price
$839,000
Assumable Rate
2.48%
Remaining Balance
$407,879
Equity Gap
$431,121
Loan Type
VAAdjust Your Scenario
$41,950
$41,950$431,121
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.48% (VA)
Blended Rate: 4.93%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,038/moAssumable @ 2.48% + gap loan
$4,329/moAssumed loan: $1,607/mo
Gap financing: $2,721/mo
$709less per month with the assumable
Your Savings on This Property
2002 Ridge Road, Littleton · 2.48% VA vs 6.5% conventional
$709
per month
$8,513
per year
$255,377
over 30 years
$255,377
interest saved
How gap financing works: The equity gap ($431,121) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($41,950, 5% of purchase price) and a second mortgage for the rest ($389,171 at 7.5%). 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 2002 Ridge Road.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.