3 Otowi Drive
VA Assumable
3.73% Rate
17 photos
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3 Otowi Drive

Colorado Springs, CO 80911

3
Bedrooms
1
Bathrooms
1,206
Sq Ft

Payment Calculator

$1,404
per month, total
$14,245
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?$14,245
$14,245$78,814
Second loan$64,569
%
Blended rate4.63% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,711/mo
Assumable @ 3.73% + gap
$1,404/mo
$307
per month
$3,686
per year
$110,581
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.

🏦 Loan Details

List Price
$284,900
Assumable Rate
3.73%
Remaining Balance
$206,086
Loan Type
VA
Est. Equity Gap
$78,814
Annual Taxes
$1,703

About This Home

Sweet home with stucco exterior and spacious yard, backing to green space adjoining school. Sweet kitchen with Corian-style solid counters, white cabinets, stainless appliances, newer microwave. New 10 x12 shed at back yard, pavestone patio, and quick growing vines can increase privacy if desired. Attached carport for smooth transfer of kids or groceries into home, as well as locking 4 x 12 storage closet. Recently uncovered and refinished hardwoods in main areas, hall, and bedrooms! New furnace in 2025 with added electrostatic precipitator; water heater 2023; more "accessible" shower 2023 with transferrable warranty; exterior doors and new storm door 2021. Near military establishments and quick access for easy commutes.

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
$284,900
3.73% rateVASave $307/mo

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