Loan Comparison: 2.48% vs 6.5%
2002 Ridge, Littleton, CO 80120 · 5bd/3ba · $849,000
List Price
$849,000
Assumable Rate
2.48%
Remaining Balance
$414,733
Equity Gap
$434,266
Loan Type
VAAdjust Your Scenario
$42,450
$42,450$434,266
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.48% (VA)
Blended Rate: 5.40%
Monthly Payment Comparison
New Conventional @ 6.5%
$5,098/moAssumable @ 2.48% + gap loan
$4,647/moAssumed loan: $1,634/mo
Gap financing: $3,013/mo
$451less per month with the assumable
Your Savings on This Property
2002 Ridge, Littleton · 2.48% VA vs 6.5% conventional
$451
per month
$5,410
per year
$162,299
over 30 years
$162,298
interest saved
How gap financing works: The equity gap ($434,266) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($42,450, 5% of purchase price) and a second mortgage for the rest ($391,816 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 2002 Ridge.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.