7136 Otis Street
FHA Assumable
6.86% Rate
23 photos
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7136 Otis Street

Arvada, CO 80003

4
Bedrooms
3
Bathrooms
2,132
Sq Ft

Payment Calculator

$3,195
per month, total
$25,500
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?$25,500
$25,500$63,769
Second loan$38,269
%
Blended rate6.91% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,062/mo
Assumable @ 6.86% + gap
$3,195/mo
$0
per month
$0
per year
$0
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
$510,000
Assumable Rate
6.86%
Remaining Balance
$446,230
Loan Type
FHA
Est. Equity Gap
$63,769

About This Home

CHARMING BRICK RANCH IN LAMAR HEIGHTS! Located on a quiet street with mature trees, this 5-bedroom, 2-bath home offers a fantastic combination of character, space and location! The bright main level features newer paint, tile floors, ceiling fan and a picture window. The sun-filled kitchen offers great natural light with a window over the sink and two additional windows in the dining area. Three bedrooms are conveniently located on the main floor, including a spacious primary bedroom, and a beautifully maintained full bath completes the main level. The finished basement adds tremendous living space with a large family room featuring a gas fireplace, spacious flex/game room, non-conforming bedroom, additional small bedroom or office space, 3/4 bath, storage and laundry. Step outside to the expansive backyard, perfect for entertaining, BBQs, kids, pets and gardening. A storage shed provides plenty of room for tools, while the large lot offers room to build a garage addition. Sprinkler system in both front and back yards. Impact resistant roof, sewer mainline, and water mainline are all new within the last 3 years. Come enjoy all that this Arvada home has to offer at a great price!

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
$510,000
6.86% rateFHA

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