1014 Lutheran
FHA Assumable
2.83% Rate
50 photos
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1014 Lutheran

Colorado Springs, CO 80915

2
Bedrooms
2
Bathrooms
1,024
Sq Ft

Payment Calculator

$998per 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?$11,750
$11,750$34,847
Secondary Financing8.5% Rate
$23,097
Blended rate3.42% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,411/mo
Assumable @ 2.83% + gap
$998/mo
$414less per month
$414
per month
$4,963
per year
$148,890
over 30 years

🏦 Loan Details

List Price
$235,000
Assumable Rate
2.83%
Remaining Balance
$198,771
Loan Type
FHA
Est. Equity Gap
$34,847
Annual Taxes
$773
HOA/mo
$320

About This Home

Welcome to this rare and well-hidden gem nestled in the heart of Colorado Springs. This light and bright end-unit townhouse offers true main-level living with two bedrooms and two bathrooms all on one level, making it both comfortable and convenient. The open great room provides an inviting space to relax or entertain, while newer wood-look laminate flooring adds a clean, modern touch. The spacious U-shaped kitchen features ample counter space and cabinetry and offers easy access for everyday living. Both bedrooms are well sized, including a primary suite with an adjoining bath and dressing area. Enjoy the ease of low-maintenance living as the HOA takes care of exterior maintenance, landscaping, snow removal, trash, and insurance. The property includes a detached oversized one-car garage with an electric opener and assigned parking. Located in a friendly 55+ community, residents enjoy a welcoming atmosphere, clubhouse amenities, and a true sense of neighborhood connection. Conveniently situated near shopping, schools, parks, and public transit, this home combines comfort, simplicity, and location. One pet under 30 pounds is allowed. Schedule your showing today to experience this charming home before it’s gone.

Data Source: REcolorado MLS

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
$235,000
2.83% rateFHASave $479/mo

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