12124 Melody
FHA Assumable
2.83% Rate
50 photos
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12124 Melody

Denver, CO 80234

2
Bedrooms
2
Bathrooms
907
Sq Ft

Payment Calculator

$891per 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?$9,975
$9,975$40,483
Secondary Financing8.5% Rate
$30,508
Blended rate3.74% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,198/mo
Assumable @ 2.83% + gap
$891/mo
$307less per month
$307
per month
$3,689
per year
$110,671
over 30 years

🏦 Loan Details

List Price
$199,500
Assumable Rate
2.83%
Remaining Balance
$159,016
Loan Type
FHA
Est. Equity Gap
$40,483
Annual Taxes
$1,156
HOA/mo
$483

About This Home

This Warm and Attractive Living Space Really Feels Like Home. You'll be comfortable and cozy with 2 BEDROOM AND 2 FULL BATHS. This very affordable, well-maintained home is on the ground floor and includes RECENLTLY REPLACED IN-UNIT WASHER AND DRYER, pre-engineered Wood Flooring, Re-surfaced Counters and fresh paint in the Kitchen. The HOA cares for the Community Pool and Clubhouse and covers your trash and water. Close to the Park-and Ride with quick access to I-25 makes it great for commuters. Numerous Eating Destinations in the immediate area. Also, the 2 bed 2 bath makes it perfect for a rental to share with your friends or family. You'll have everything you need and enjoy when you purchase this great home in The Cottonwood Villas Community. FORGET THE STARTER HOME! Start your Real Estate adventure right here. All offers will be gratefully received and considered.

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
$199,500
2.83% rateFHASave $453/mo

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