1113 Norwood
FHA Assumable
3.72% Rate
50 photos
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1113 Norwood

Colorado Springs, CO 80905

2
Bedrooms
1
Bathrooms
1,066
Sq Ft

Payment Calculator

$1,567per 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?$15,000
$15,000$96,957
Secondary Financing8.5% Rate
$81,957
Blended rate5.09% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,801/mo
Assumable @ 3.72% + gap
$1,567/mo
$234less per month
$234
per month
$2,812
per year
$84,364
over 30 years

🏦 Loan Details

List Price
$300,000
Assumable Rate
3.72%
Remaining Balance
$203,043
Loan Type
FHA
Est. Equity Gap
$96,957
Annual Taxes
$977

About This Home

Located in Stratton Meadows, this charming home offers two spacious, light-filled rooms with ample closet space. A rear addition provides the opportunity for a third bedroom or a flexible bonus space to make your own. The oversized kitchen features abundant counter space and a breakfast bar—truly one of the largest kitchens in the neighborhood. The bathroom has been beautifully renovated with stylish tile in the shower. Original hardwood floors run throughout the main living areas, with vinyl flooring in the kitchen and bath and LVP in the bonus room. Enjoy a huge, fully fenced backyard with a large shed, perfect for entertaining or extra storage. Double off-street parking is available in front of the home. Close to shops, schools, parks and more!!

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
$300,000
3.72% rateFHASave $736/mo

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