FHA Assumable

2.83% Rate

50 photos

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1125 Manitou

Manitou Springs, CO 80829

Bedrooms

Bathrooms

N/A

Sq Ft

Payment Calculator

$3,756per 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?$36,250

$36,250$292,889

Secondary Financing8.5% Rate

$256,639

Blended rate4.94% vs 6.5%

Monthly Payment Comparison

Conventional @ 6.5%

$4,353/mo

Assumable @ 2.83% + gap

$3,756/mo

$598less per month

$598

per month

$7,171

per year

$215,144

over 30 years

See Full Loan Breakdown →

🏦 Loan Details

List Price: $725,000
Assumable Rate: 2.83%
Remaining Balance: $432,110
Loan Type: FHA
Est. Equity Gap: $292,889
Annual Taxes: $2,727
HOA/mo: $140

About This Home

Incredible investment opportunity! This classic Victorian home in historic Manitou Springs is divided into four income-producing units and sits in a prime location directly on Manitou Avenue. Located in the heart of Manitou, nearly everything is walkable—shops, restaurants, parks, and local attractions. The property has been thoughtfully updated while maintaining its historic character. Ideal for investors seeking location, charm, and strong rental potential.

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

$725,000

2.83% rateFHASave $2,328/mo

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