5390 Balsam
FHA Assumable
3.69% Rate
50 photos
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5390 Balsam

Colorado Springs, CO 80923

3
Bedrooms
3
Bathrooms
1,754
Sq Ft

Payment Calculator

$2,298per 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?$20,750
$20,750$177,132
Secondary Financing8.5% Rate
$156,382
Blended rate5.60% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,492/mo
Assumable @ 3.69% + gap
$2,298/mo
$194less per month
$194
per month
$2,323
per year
$69,690
over 30 years

🏦 Loan Details

List Price
$415,000
Assumable Rate
3.69%
Remaining Balance
$238,386
Loan Type
FHA
Est. Equity Gap
$177,132
Annual Taxes
$1,538

About This Home

Welcome to this beautifully maintained two-story home nestled on a large corner lot in the desirable Sundown community. Offering 3 bedrooms, 3 bathrooms, and 2 separate living areas, this home combines functionality and charm to create a comfortable and inviting space perfect for everyday life. Step inside to a bright and welcoming main level featuring vaulted ceilings, a cozy gas fireplace, and a spacious living area flowing seamlessly into the kitchen. The kitchen offers ample cabinetry, a breakfast bar, pantry, and an island perfectly situated beside the sunny dining nook with a charming bay window. Walk upstairs to find a generously sized primary suite complete with a walk-in closet and a five-piece ensuite bath featuring a soaking tub, along with two extra bedrooms, another full bathroom, and the laundry area. The finished basement provides additional living space ideal for a family room or media area paired with an extra 3/4 bathroom and convenient storage room. Step outside to enjoy the fully fenced backyard with a concrete patio, large grassy area, and a storage shed. Additional highlights include a 2-car attached garage, central AC, fresh interior paint, mountain views, and no HOA! Ideally located near schools, parks, and shopping with quick access to Powers - this home offers the perfect blend of comfort and convenience in a well-established neighborhood.

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
$415,000
3.69% rateFHASave $1,240/mo

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