🏠The Assumable Guy
1309 Tappan Circle
FHA Assumable
5.22% Rate
28 photos
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1309 Tappan Circle

Colorado Springs, CO 80909

3
Bedrooms
2
Bathrooms
1,867
Sq Ft

Payment Calculator

$2,338
per month, total
$22,000
cash you bring

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?$22,000
$22,000$47,152
Second loan$25,152
%
Blended rate5.36% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,642/mo
Assumable @ 5.22% + gap
$2,338/mo
$304less per month
$304
per month
$3,650
per year
$109,494
over 30 years

Estimates only, not a loan offer, quote, or approval. Payments are principal and interest and exclude taxes, insurance, HOA dues and closing costs. The second-loan rate is an assumption you can edit, not a quoted rate. Assumption terms are subject to lender and servicer approval and verification.

See Full Loan Breakdown →

🏦 Loan Details

List Price
$440,000
Assumable Rate
5.22%
Remaining Balance
$392,848
Loan Type
FHA
Est. Equity Gap
$47,152

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
$440,000
5.22% rateFHASave $304/mo

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📞 (719) 624-3472