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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$650,000

($214,976 down)
FHA

93 Busch Run, Fairplay, CO 80440

2
2
1,276 sqft
PITI Monthly
$2,909.46 /mo

Listing courtesy of: Moraima (Mo) Kelley, RE/MAX Properties Of The Summit

Assumed Rate

4.17%
7.15%

Principal & Interest

$2,221 /mo
$3,079 /mo
$55,574 in interest paid off

What's Special

REMODELED
LOCATION
MINUTES AWAY
DINING
SPACIOUS
STAINLESS STEEL APPLIANCES
VAULTED CEILINGS
GAME ROOM
CHARMING
Charming Ranch-style home with 2-bedroom, 2-bathrooms, sits on a sprawling 6.42-acre lot, offering privacy, tranquility, and stunning views of the
surrounding Colorado landscape. The home features a spacious, open floor plan with vaulted ceilings in the dining area and large windows that bring in
plenty of natural light bringing the outdoors in. Inside, you'll find a beautifully remodeled kitchen with all-new stainless steel appliances, perfect for the
home chef. The game room (400 sq. ft.) is a standout feature, offering plenty of space for fun and relaxation. Complete with a pool table, ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.17
Remaining Loan Term
27 years, 0 months
Monthly PITI
$2,909.46/mo
Estimated Loan Balance
$437,138
Cash to close
$214,976
Interest Paid
$55,574

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air, Wood Stove
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Wood Burning Stove
  • Flooring: Tile, Vinyl, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Architecural Shingle
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Septic Tank
  • Water Source: Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Architecural Shingle
Condition
  • Year Built: 1977
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Metes & Bounds
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Fairplay

Financial Details

  • Price per Sqft: $509.4
  • Tax Annual Amount: $2385
  • On Market Date: Nov 08, 2024
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Savings Calculator

Current cash to close is $214,976 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$
0%20%50%

You cover the entire equity of $214,976!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$435,024
Your Cash$214,976
Total Purchase Price:$650,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,221/mo
Traditional @ 7.15%
$3,194/mo
You save $972/month ($11,669/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC6723664

Listing From: recolorado

Last updated: Nov 14, 2024 02:10am

© 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

4.17%
7.15%

Principal & Interest

$2,221 /mo
$3,079 /mo
$55,574 in interest paid off
Inquire about this property
​
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​
​
​

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 $214,976 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$
0%20%50%

You cover the entire equity of $214,976!

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

Loan Breakdown

Assumed Mortgage4.17% Sellers Rate
$435,024
Your Cash$214,976
Total Purchase Price:$650,000

Assumed vs Traditional Mortgage

Assumed @ 4.17%
$2,221/mo
Traditional @ 7.15%
$3,194/mo
You save $972/month ($11,669/year)

*Secondary financing rates are an estimated value based on input

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May, 16 2025

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