5363 Old Farm
FHA Assumable
3.16% Rate
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5363 Old Farm

Colorado Springs, CO 80917

5
Bedrooms
3
Bathrooms
2,167
Sq Ft

Payment Calculator

$2,797per 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?$24,250
$24,250$195,595
Secondary Financing8.5% Rate
$171,345
Blended rate4.94% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,912/mo
Assumable @ 3.16% + gap
$2,797/mo
$115less per month
$115
per month
$1,385
per year
$41,546
over 30 years

🏦 Loan Details

List Price
$485,000
Assumable Rate
3.16%
Remaining Balance
$343,810
Loan Type
FHA
Est. Equity Gap
$195,595
Annual Taxes
$1,492

About This Home

Welcome to this beautifully updated home in the highly sought-after Old Farm neighborhood, where thoughtful upgrades blend style and functionality. Step inside to vaulted ceilings and an open-concept living space featuring new flooring, fresh paint, and modern lighting that create a bright, inviting atmosphere.\r \r The kitchen—truly the heart of the home and the seller’s favorite space—has been completely reimagined with custom cabinetry, leathered granite countertops, new stainless steel appliances, and updated can lighting. Abundant natural light pours in through a large window and sliding glass door, offering seamless access to the backyard.\r \r Outdoors, you’ll discover a private retreat designed for connection and relaxation. Whether hosting intimate dinners or large gatherings, the backyard offers ample space for entertaining, play, and unwinding. With exterior gas and electric hookups, outdoor cooking is effortless on sunny Colorado days. A cozy gas fire pit creates the perfect setting for s’mores, storytelling, or simply relaxing under the stars.\r \r Inside, the lower-level family room provides a comfortable space for gatherings, complete with a fireplace for chilly evenings and a convenient wet bar. This level also includes a fourth bedroom and a ¾ bath with a laundry area.\r \r The basement offers even more versatility, featuring a fifth bedroom and generous storage space.\r \r Upstairs, the spacious primary suite easily accommodates a king-sized bed with additional furniture and includes two closets, one equipped with a customizable Elfa organization system. The attached ¾ bath is bright and airy with granite countertops. Two additional bedrooms share a well-appointed full bath, also featuring granite finishes.\r \r Located in a recently repaved neighborhood with convenient access to Powers, Academy, and Stetson Hills, this home combines comfort with accessibility. Enjoy nearby parks, quiet streets, and easy access to High Chaparral hiking trails.\r \r Welcome Home!

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
$485,000
3.16% rateFHASave $1,497/mo

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