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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$240,000

($87,493 down)
FHA

1109 Lake Street, Fort Morgan, CO 80701

3
1
1,320 sqft
PITI Monthly
$1,196.59 /mo

Listing courtesy of: Mandy Weichel, Colorado Land Co. LLC

Assumed Rate

4.37%
7.15%

Principal & Interest

$843 /mo
$1,141 /mo
$42,517 in interest paid off

What's Special

LOCATION
SERENE
MODERN
HOME OFFICE
CHARMING
COZY
Welcome to 1109 Lake, a charming Craftsman-style home located in Fort Morgan, Colorado. As you step inside, you'll immediately notice the beautiful
wood floors that extend throughout the main level, adding warmth and character to the living spaces. The galley style kitchen features a unique vintage
sink, blending nostalgia with functionality and providing a charming space for meal preparation.The main level offers two comfortable bedrooms, each
providing a cozy retreat for rest and relaxation. An additional bedroom is located in the basement, offering flexibility for guests, a home o... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.37
Remaining Loan Term
23 years, 11 months
Monthly PITI
$1,196.59/mo
Estimated Loan Balance
$160,732
Cash to close
$87,493
Interest Paid
$42,517

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
Features
  • Materials: Wood Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Wood

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Frame
  • Roof: Composition
Condition
  • Year Built: 1918
Details
  • Builder:

Community & HOA

Community
  • Subdivision: OLD FORT ADD
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Fort Morgan

Financial Details

  • Price per Sqft: $181.82
  • Tax Annual Amount: $1011
  • On Market Date: Jun 04, 2024
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Savings Calculator

Current cash to close is $87,493 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$
0%20%50%

You cover the entire equity of $87,493!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$152,507
Your Cash$87,493
Total Purchase Price:$240,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$843/mo
Traditional @ 7.15%
$1,183/mo
You save $340/month ($4,086/year)

*Secondary financing rates are an estimated value based on input

MLS ID: RECIR1011189

Listing From: recolorado

Last updated: Dec 22, 2024 06:21pm

© 2025, recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.37%
7.15%

Principal & Interest

$843 /mo
$1,141 /mo
$42,517 in interest paid off
Inquire about this property
​
​
​
​
​

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $87,493 (36%)
You can enter any amount below - secondary financing will cover the difference if needed.
36%
$
0%20%50%

You cover the entire equity of $87,493!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.37% Sellers Rate
$152,507
Your Cash$87,493
Total Purchase Price:$240,000

Assumed vs Traditional Mortgage

Assumed @ 4.37%
$843/mo
Traditional @ 7.15%
$1,183/mo
You save $340/month ($4,086/year)

*Secondary financing rates are an estimated value based on input

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