1418 Spencer
FHA Assumable
3.97% Rate
50 photos
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1418 Spencer

Longmont, CO 80501

4
Bedrooms
3
Bathrooms
2,408
Sq Ft

Payment Calculator

$2,751per 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?$22,500
$22,500$266,489
Secondary Financing8.5% Rate
$243,989
Blended rate6.55% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,702/mo
Assumable @ 3.97% + gap
$2,751/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$450,000
Assumable Rate
3.97%
Remaining Balance
$183,958
Loan Type
FHA
Est. Equity Gap
$266,489
Annual Taxes
$3,439
HOA/mo
$350

About This Home

INVESTORS - Opportunity knocks! This 4 bedroom FIXER UPPER home is full of character and possibility! The main level features both a living room and family room, each with its own cozy wood-burning fireplace, along with a formal dining room that could easily serve as a home office. The kitchen includes a spacious eat-in area and pantry for added functionality. A sunroom overlooks the patio and backyard, where two storage sheds are included. Upstairs, the generously sized bedrooms feature hardwood floors, including a primary suite with a private ¾ bath. Additional highlights include a spacious attached two-car garage. The location is hard to beat - walkable to the nearby hospital complex, conveniently situated near schools, and with NO HOA and no metro district. With great bones this home is ready for your vision and improvements and is a great opportunity to create value. SOLD strictly AS-IS. Will not go FHA or VA without a renovation loan. Buyer to verify all information.

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
$450,000
3.97% rateFHASave $1,646/mo

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