3231 Michigan
VA Assumable
5.41% Rate
50 photos
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3231 Michigan

Colorado Springs, CO 80910

4
Bedrooms
2
Bathrooms
1,821
Sq Ft

Payment Calculator

$2,039per month

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?$19,000
$19,000$23,432
Secondary Financing8.5% Rate
$4,432
Blended rate5.45% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,282/mo
Assumable @ 5.41% + gap
$2,039/mo
$243less per month
$243
per month
$2,919
per year
$87,562
over 30 years

🏦 Loan Details

List Price
$380,000
Assumable Rate
5.41%
Remaining Balance
$356,567
Loan Type
VA
Est. Equity Gap
$23,432
Annual Taxes
$1,113

About This Home

Pride of ownership in this 4 bedroom, 2 full bath, 1 car garage home. Upstairs provides spacious living room open to dining room and updated kitchen. Walk out from the kitchen onto the deck with mountain views and access to the large, fenced in back yard. 2 bedrooms upstairs with a full bath. Lower level provides another family room, 2 bedrooms, full bath and laundry room with nice storage area. 2022 Roof, 2022 updated electric panel, 2018 water heater. Quiet neighborhood with quick access to Powers, I-25 and a variety of dining, shopping and more. Don't miss this one-many of the big ticket items have been taken care of, so it is just waiting for your own personal touch!

Data Source: Pikes Peak MLS (PPMLS)

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
$380,000
5.41% rateVASave $172/mo

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