Assumable homes for sale in Penrose, CO

1 homeFHA loansrates from 2.88% vs 7.40% today

Penrose assumption guide

1747 16th Street, Penrose, CO, 81240 — assumable FHA mortgage at 2.88%

FHA

Active

$519,999$271,688 equity gap

Rate: 2.88%; ~~7.40%~~today
Payment: $1,192/mo; ~~$1,989~~today

3beds
2baths
1,794sqft

1747 16th Street, Penrose

Assuming a mortgage in Penrose

An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.40%), so you can see the saving before you tour.

Lowest existing rate: 2.88%
Lowest existing payment: $1,192 /mo
Median cash to assume: $271,688