VA Assumable

2.89% Rate

50 photos

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1239 Martin

Colorado Springs, CO 80915

Bedrooms

Bathrooms

1,992

Sq Ft

Payment Calculator

$1,875per 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?$20,250

$20,250$99,225

Secondary Financing8.5% Rate

$78,975

Blended rate4.04% vs 6.5%

Monthly Payment Comparison

Conventional @ 6.5%

$2,432/mo

Assumable @ 2.89% + gap

$1,875/mo

$556less per month

$556

per month

$6,678

per year

$200,333

over 30 years

See Full Loan Breakdown →

🏦 Loan Details

List Price: $405,000
Assumable Rate: 2.89%
Remaining Balance: $305,068
Loan Type: VA
Est. Equity Gap: $99,225
Annual Taxes: $1,458

About This Home

Raised Ranch single-family home with 4 bedrooms, 3 bathrooms, finished basement, vaulted ceilings, corner lot, landscaped front and rear yard, attached 2-car garage, central air and forced air heating, municipal water, sewer connection, and central vacuum. No community amenities. Flooring includes carpet and wood laminate in main living areas.

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

$405,000

2.89% rateVASave $990/mo

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