661 Shooks
FHA Assumable
5.75% Rate
50 photos
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661 Shooks

Colorado Springs, CO 80903

2
Bedrooms
2
Bathrooms
1,106
Sq Ft

Payment Calculator

$1,292per 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?$9,500
$9,500$137,384
Secondary Financing8.5% Rate
$127,884
Blended rate7.69% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,141/mo
Assumable @ 5.75% + gap
$1,292/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$190,000
Assumable Rate
5.75%
Remaining Balance
$52,955
Loan Type
FHA
Est. Equity Gap
$137,384
Annual Taxes
$1,038
HOA/mo
$393

About This Home

Great opportunity in a central location close to downtown, with easy access to Shooks Run Trail and nearby park space. This property offers a functional layout and a fenced backyard—ideal for outdoor enjoyment or future improvements.\r \r Inside, the home is ready for updates and presents a strong value-add opportunity for those looking to bring their vision to life. The unfinished basement provides additional square footage with excellent potential for expansion, storage, or customization.\r \r With solid bones, a desirable location, and room to make it your own, this property is a compelling opportunity in a growing central corridor.

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
$190,000
5.75% rateFHASave $549/mo

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