1197 Purdue Drive
VA Assumable
2.8% Rate
35 photos
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1197 Purdue Drive

Longmont, CO 80504

3
Bedrooms
2
Bathrooms
1,546
Sq Ft

Payment Calculator

$5,382
per month, total
$53,000
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?$53,000
$53,000$484,457
Second loan$431,457
%
Blended rate4.81% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$6,365/mo
Assumable @ 2.8% + gap
$5,382/mo
$983
per month
$11,799
per year
$353,968
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
$1,060,000
Assumable Rate
2.8%
Remaining Balance
$575,542
Loan Type
VA
Est. Equity Gap
$484,457
Annual Taxes
$6,318

About This Home

Experience country club-like living with breathtaking mountain views in this charming ranch-style home, nestled on a private 0.4-acre lot in highly desirable Longmont Estates. Imagine walking through your backyard gate straight to the Twin Peaks golf club. After a round, unwind in your private hot tub, enjoy the sauna, and take in the stunning vistas. The main level boasts beautiful wood floors, plantation shutters, and an updated kitchen. Enjoy the convenience of a main-floor office, three bedrooms, three bathrooms, a cozy fireplace, and a well-placed laundry room. The walk-out basement is an entertainer's dream, featuring a wet bar, a spacious great room with a second fireplace, two more bedrooms (or a bedroom and workout room) and plenty of storage. Modern amenities include a newer furnace, air conditioner, water heater, electrical panel, roof, appliances, and an EV charger in the garage. Simply move in and start enjoying all that this exceptional home has to offer!

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
$1,060,000
2.8% rateVASave $983/mo

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