833 Grissom Drive
VA Assumable
2.6% Rate
31 photos
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833 Grissom Drive

Colorado Springs, CO 80922

5
Bedrooms
4
Bathrooms
2,240
Sq Ft

Payment Calculator

$2,105
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$166,569
Second loan$144,569
%
Blended rate4.29% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,642/mo
Assumable @ 2.6% + gap
$2,105/mo
$537
per month
$6,439
per year
$193,157
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
$440,000
Assumable Rate
2.6%
Remaining Balance
$273,430
Loan Type
VA
Est. Equity Gap
$166,569
Annual Taxes
$2,592

About This Home

Welcome to this standout Challenger Homes Elbert model offering contemporary architecture, three levels of thoughtfully designed living space, and the bells and whistles that made the model home so appealing! From the moment you arrive, the modern architecture sets this home apart. The Elbert floor plan takes advantage of its vertical design, creating distinct spaces for everyday living, entertaining and retreating at the end of the day. Stylish finishes, smart-home conveniences and thoughtful upgrades carry throughout, giving the home a polished, move-in-ready feel. The kitchen and main living areas create an inviting centerpiece for gathering and entertaining, while the multi-level layout provides separation and flexibility between living and bedroom spaces. Smart features include a smart thermostat, smart doorbell plug-ins on each level and automated window shades in one bedroom. Outside, more than $7,500 has been invested in backyard landscaping, extending the living space outdoors and creating a finished space to relax, entertain and enjoy Colorado's beautiful seasons. The garage is equally impressive with electrical enhancements completed by High Peaks Electric LLC, including three 240V outlets, additional 110V outlets and LED light strips, adding exceptional functionality for hobbies, equipment and future needs. And then there’s the location! Enjoy convenient access to Downtown Colorado Springs while remaining close to area military installations and the extensive shopping, dining, entertainment and everyday conveniences found along the Powers Corridor. With the distinctive architecture, model-home-inspired features, smart technology, outdoor improvements and a location that keeps you connected to so much of Colorado Springs, 833 Grissom Drive delivers style, function and convenience across all three levels.

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
2.6% rateVASave $537/mo

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