406 Emma
FHA Assumable
5.5% Rate
50 photos
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406 Emma

Lafayette, CO 80026

2
Bedrooms
1
Bathrooms
936
Sq Ft

Payment Calculator

$3,605per 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?$31,250
$31,250$147,393
Secondary Financing8.5% Rate
$116,143
Blended rate6.09% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,753/mo
Assumable @ 5.5% + gap
$3,605/mo
$148less per month
$148
per month
$1,777
per year
$53,303
over 30 years

🏦 Loan Details

List Price
$625,000
Assumable Rate
5.5%
Remaining Balance
$477,607
Loan Type
FHA
Est. Equity Gap
$147,393
Annual Taxes
$3,514
HOA/mo
$360

About This Home

Location, lifestyle, and opportunity all come together with this charming 2-bedroom, 1-bath home just minutes walk from Downtown Lafayette! Enjoy one of the most popular downtown districts, filled with fantastic restaurants, local coffee shops, breweries, boutique shopping, and community events all just minutes from your front door. The real standout is the oversized double lot, offering a rare amount of space that's hard to find this close to downtown. Whether you're looking to connect with your inner Homesteader with a micro-farm, expand the existing home, add an ADU (buyer to verify with the City of Lafayette), or simply enjoy an incredible backyard, this property offers endless possibilities. Some impressive updates include fully upgraded electrical panel, newer roof and more! Inside, the primary bedroom features an oversized custom walk-in closet addition, giving you storage that's rarely found in homes like this. Kitchen is spacious with room for an island, built-in pantry already included. Outside, you'll find a detached one-car garage, a generous shed that's perfect for projects, a workshop or extra storage, dedicated gardening space, and young fruit trees that will continue to mature and add beauty to the backyard. A complimentary 12-month home warranty for added peace of mind! Whether you're looking for a place to call home, an investment opportunity in an appreciating area, or a property with room to grow, this is a rare chance to own a larger lots in one of Lafayette's most sought-after locations.

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
$625,000
5.5% rateFHASave $1,026/mo

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