Loan Comparison: 2.88% vs 6.5%
112 Ridge Point, Divide, CO 80814 · 3bd/5ba · $750,000
List Price
$750,000
Assumable Rate
2.88%
Remaining Balance
$642,170
Equity Gap
$106,389
Loan Type
VAAdjust Your Scenario
$37,500
$37,500$106,389
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.88% (VA)
Blended Rate: 3.42%
Monthly Payment Comparison
New Conventional @ 6.5%
$4,503/moAssumable @ 2.88% + gap loan
$3,196/moAssumed loan: $2,666/mo
Gap financing: $530/mo
$1,308less per month with the assumable
Your Savings on This Property
112 Ridge Point, Divide · 2.88% VA vs 6.5% conventional
$1,308
per month
$15,693
per year
$470,792
over 30 years
$469,351
interest saved
How gap financing works: The equity gap ($106,389) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($37,500, 5% of purchase price) and a second mortgage for the rest ($68,889 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 112 Ridge Point.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.