2516 Lanyon Drive
FHA Assumable
3.88% Rate
24 photos
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2516 Lanyon Drive

Longmont, CO 80501

3
Bedrooms
2
Bathrooms
1,409
Sq Ft

Payment Calculator

$3,152
per month, total
$28,750
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?$28,750
$28,750$283,307
Second loan$254,557
%
Blended rate5.57% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,453/mo
Assumable @ 3.88% + gap
$3,152/mo
$300
per month
$3,603
per year
$108,104
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
$575,000
Assumable Rate
3.88%
Remaining Balance
$291,693
Loan Type
FHA
Est. Equity Gap
$283,307
Annual Taxes
$3,649

About This Home

North Longmont split-level home ready for you to settle in and make it yours! On over a 1/4 acre lot, outdoor space is plentiful on this property. The front yard is a water-conscious design made of native and pollinator-friendly plants, both beautiful and mindful. The backyard has garden beds, fruit trees (plum, cherry and pear), and a storage shed, along with a large grassy area for everyone two and four legged alike to enjoy. Inside, the upper level living room has high ceilings with wood beam accents and LOTS of light, making it the perfect space for your indoor plant collection. Plus a lovely wood-burning stove to cozy up to during the Colorado winter months. All the windows were recently professionally cleaned. Bright kitchen with storage shelf included & an eat-in space off to the side. All kitchen appliances are included! Three bedrooms and a full bathroom are also located on the upper level. Downstairs provides even more space to relax in the den area, with ANOTHER wood-burning fireplace to enjoy. A fourth bedroom is here, along with a HUGE bonus room that's currently being used as the primary bedroom space. This neighborhood is nearby Safeway, shops and services and main roads through Longmont. ** Seller is offering a $6,500 concession toward replacing all carpeting (and pad) after closing!**

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
$575,000
3.88% rateFHASave $300/mo

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