2940 54
FHA Assumable
2.99% Rate
50 photos
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2940 54

Denver, CO 80221

3
Bedrooms
1
Bathrooms
836
Sq Ft

Payment Calculator

$1,864per month

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?$19,500
$19,500$106,977
Secondary Financing8.5% Rate
$87,477
Blended rate4.29% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,342/mo
Assumable @ 2.99% + gap
$1,864/mo
$477less per month
$477
per month
$5,730
per year
$171,892
over 30 years

🏦 Loan Details

List Price
$390,000
Assumable Rate
2.99%
Remaining Balance
$283,023
Loan Type
FHA
Est. Equity Gap
$106,977
Annual Taxes
$2,919
HOA/mo
$435

About This Home

Fantastic opportunity minutes from Regis University in the highly desirable Berkeley neighborhood.\r This well-maintained 3-bedroom, 1-bath home features a beautifully updated kitchen and bathroom, making it an ideal starter home or investment opportunity.\r Additional highlights include an assumable FHA loan at 2.99% (subject to lender approval) and eligibility for a CRA credit of up to 1.75% of the purchase price, providing meaningful buyer savings. Zoned C-5, offering flexibility for future commercial use. Convenient access to I-25, I-70, and I-76 for easy commuting.\r \r The sellers are only moving due to an out-of-state relocation. This has been a very comfortable, well-maintained home that has been truly enjoyed and cared for. Great opportunity for the next owner to make it their own.

Data Source: REcolorado MLS

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
$390,000
2.99% rateFHASave $998/mo

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