8261 Cypress Wood
FHA Assumable
5.25% Rate
50 photos
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8261 Cypress Wood

Colorado Springs, CO 80927

5
Bedrooms
4
Bathrooms
2,645
Sq Ft

Payment Calculator

$2,851per 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?$26,495
$26,495$59,404
Secondary Financing8.5% Rate
$32,909
Blended rate5.46% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,182/mo
Assumable @ 5.25% + gap
$2,851/mo
$331less per month
$331
per month
$3,969
per year
$119,061
over 30 years

🏦 Loan Details

List Price
$529,900
Assumable Rate
5.25%
Remaining Balance
$470,496
Loan Type
FHA
Est. Equity Gap
$59,404
Annual Taxes
$3,445

About This Home

Located in the desirable master-planned Banning Lewis Ranch community, this beautifully updated home offers thoughtful renovations and flexible living space. The recently finished basement adds two additional bedrooms, a full bathroom, and a spacious recreation room, creating plenty of room for guests, hobbies, or entertaining.\r \r The main level welcomes you with durable luxury vinyl plank flooring that flows from the entry into the bright living room and continues through the dining area and kitchen. The kitchen is designed for both everyday living and entertaining, featuring granite countertops, a large island, and generous counter space. A convenient laundry room and half bath are located just off the entry from the attached two-car garage.\r \r Upstairs, a light-filled loft provides versatile space for a second living area, office, or playroom. The spacious primary suite is accessed through double doors and offers privacy along with an en-suite bathroom complete with a double vanity, tiled walk-in shower, and walk-in closet. Two additional bedrooms with step-in closets and a full bathroom complete the upper level.\r \r The newly remodeled basement features LVP flooring, recessed lighting, and fresh paint throughout. The recreation room is perfect for movie nights, gaming, or additional living space, while two additional bedrooms and a full bathroom add even more flexibility.\r \r Step outside to a fully fenced backyard with a deck ideal for relaxing or grilling. Conveniently located near parks, open space, and trails, this home also offers easy access to Dublin Boulevard and Marksheffel Road for commuting, shopping, and dining.\r \r Schedule your showing today and experience all that Banning Lewis Ranch has to offer.

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
$529,900
5.25% rateFHASave $572/mo

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