7491 Locust Street
FHA Assumable
3.09% Rate
45 photos
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7491 Locust Street

Commerce City, CO 80022

5
Bedrooms
2
Bathrooms
1,590
Sq Ft

Payment Calculator

$2,117
per month, total
$23,000
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?$23,000
$23,000$115,988
Second loan$92,988
%
Blended rate4.03% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,762/mo
Assumable @ 3.09% + gap
$2,117/mo
$645less per month
$645
per month
$7,738
per year
$232,141
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.

🏦 Loan Details

List Price
$460,000
Assumable Rate
3.09%
Remaining Balance
$344,011
Loan Type
FHA
Est. Equity Gap
$115,988

About This Home

A rare opportunity for buyers who need more than just a home. This well-maintained property combines comfortable single-level living with an impressive 30x30 detached garage/shop, extensive concrete parking, and flexible spaces that make the property stand apart. The home also features new LP SmartSide lap siding, adding durability, low-maintenance appeal, and a fresh, updated exterior. Inside, the home offers an inviting and functional layout with beautiful wood-style flooring flowing through much of the living space. The kitchen features abundant cabinetry, stainless steel appliances, a gas range, and plenty of workspace for everyday cooking. The adjoining living area provides an easy, comfortable setting for relaxing or entertaining. A separate bonus area offers excellent flexibility for a home office, study, hobby space, workout area, or additional living space. The bathroom features extensive tilework and a glass-enclosed walk-in shower, while thoughtful details throughout the home include updated trim, barn-style doors, ceiling fans, and convenient in-home laundry. With a fenced property, new LP SmartSide lap siding, generous off-street parking, versatile interior spaces, and an exceptional 30x30 detached garage/shop that is increasingly difficult to find, this property delivers a unique combination of home, workspace, storage, and flexibility—all in one package.

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
$460,000
3.09% rateFHASave $645/mo

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