Loan Comparison: 3.72% vs 6.5%
2124 Ridge Plaza Drive, Castle Rock, CO 80108 · 4bd/3ba · $1,350,000
List Price
$1,350,000
Assumable Rate
3.72%
Remaining Balance
$486,918
Equity Gap
$863,082
Loan Type
VAAdjust Your Scenario
$67,500
$67,500$863,082
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.72% (VA)
Blended Rate: 6.06%
Monthly Payment Comparison
New Conventional @ 6.5%
$8,106/moAssumable @ 3.72% + gap loan
$7,810/moAssumed loan: $2,247/mo
Gap financing: $5,563/mo
$297less per month with the assumable
Your Savings on This Property
2124 Ridge Plaza Drive, Castle Rock · 3.72% VA vs 6.5% conventional
$297
per month
$3,561
per year
$106,825
over 30 years
$106,825
interest saved
How gap financing works: The equity gap ($863,082) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($67,500, 5% of purchase price) and a second mortgage for the rest ($795,582 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 2124 Ridge Plaza Drive.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.