828 Gilpin
FHA Assumable
2.77% Rate
50 photos
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828 Gilpin

Erie, CO 80516

5
Bedrooms
3
Bathrooms
2,663
Sq Ft

Payment Calculator

$3,953per 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?$37,500
$37,500$325,658
Secondary Financing8.5% Rate
$288,158
Blended rate5.09% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,503/mo
Assumable @ 2.77% + gap
$3,953/mo
$551less per month
$551
per month
$6,612
per year
$198,346
over 30 years

🏦 Loan Details

List Price
$750,000
Assumable Rate
2.77%
Remaining Balance
$424,342
Loan Type
FHA
Est. Equity Gap
$325,658
Annual Taxes
$8,708
HOA/mo
$80

About This Home

Great opportunity in Compass Erie-- Boulder County!! Home is priced below market value to reflect its condition and is being sold strictly AS IS! It needs repairs and cosmetic updates, including drywall, carpeting, flooring, interior doors, stair spindles, and other deferred maintenance. Sellers will NOT make repairs. If you're looking for a home with great bones, an excellent ranch-style layout, a 3-car garage, and the opportunity to add your own finishing touches, this is an OUTSTANDING value. Washer and Dryer excluded; TV mounts, hot tub, (these items will be left at the property-- if the buyer does not want them, the buyer will need to dispose of them after closing). Serious buyers only! We have intentionally omitted interior photos. Please submit offers with the understanding that the property is being sold AS IS, and the sellers are seeking a quick closing.

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
$750,000
2.77% rateFHASave $2,523/mo

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