FHA Assumable

3.16% Rate

18 photos

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381 Ames Street

Denver, CO 80229

Bedrooms

Bathrooms

960

Sq Ft

Payment Calculator

$873

per month, total

$9,500

cash you bring

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$9,500

$9,500$45,141

Second loan$35,641

at an estimated rate of

Blended rate4.02% vs 6.5%

Monthly Payment Comparison

Conventional @ 6.5%

$1,141/mo

Assumable @ 3.16% + gap

$873/mo

$268

per month

$3,220

per year

$96,614

over 30 years

Estimates only, not a loan offer, quote, or approval. Payments are principal and interest and exclude taxes, insurance, HOA dues and closing costs. The second-loan rate is an assumption you can edit, not a quoted rate. Assumption terms are subject to lender and servicer approval and verification.

See Full Loan Breakdown →

🏦 Loan Details

List Price: $190,000
Assumable Rate: 3.16%
Remaining Balance: $144,859
Loan Type: FHA
Est. Equity Gap: $45,141
Annual Taxes: $1,518
HOA/mo: $464

About This Home

Conveniently located and move-in ready, this updated condo offers comfortable, low-maintenance living just minutes from Belmar. Head inside to a welcoming, open layout with a spacious living area and an updated kitchen featuring modern cabinetry, granite countertops, and stainless-steel appliances, including a range, microwave, dishwasher, and refrigerator. The generously sized bedroom includes a walk-in closet, and a full bathroom featuring stylish finishes. Enjoy a well-maintained community featuring landscaped grounds and a community pool—perfect for enjoying Colorado’s warmer months. Shopping, dining, entertainment, parks, and trails are all within easy reach, while convenient access to major roadways makes getting to Downtown Denver and surrounding areas a breeze. With its updated interior, functional floor plan, and convenient location, this condo is a wonderful opportunity for an owner-occupant or investor. Come take a look and make it yours!

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing

$190,000

3.16% rateFHASave $268/mo

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