7423 Sand Lake
FHA Assumable
3.16% Rate
50 photos
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7423 Sand Lake

Colorado Springs, CO 80908

3
Bedrooms
3
Bathrooms
1,606
Sq Ft

Payment Calculator

$1,894per 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?$18,250
$18,250$117,282
Secondary Financing8.5% Rate
$99,032
Blended rate4.62% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,192/mo
Assumable @ 3.16% + gap
$1,894/mo
$298less per month
$298
per month
$3,571
per year
$107,121
over 30 years

🏦 Loan Details

List Price
$365,000
Assumable Rate
3.16%
Remaining Balance
$263,238
Loan Type
FHA
Est. Equity Gap
$117,282
Annual Taxes
$2,044
HOA/mo
$240

About This Home

Beautifully maintained 3-bedroom, 2.5-bath townhome located on the desirable north side of Colorado Springs. Built in 2020, this home offers 1,606 square feet of well-designed living space with a bright, open-concept main level and abundant natural light. The kitchen features ample cabinetry, generous counter space, and a functional layout that flows seamlessly into the dining and living areas. Upstairs includes a spacious primary suite with a private en-suite bath and walk-in closet, along with two additional bedrooms and convenient upper-level laundry. Additional features include central A/C, attached garage with direct access, and low-maintenance exterior. Located in a quiet, well-kept community with close proximity to shopping, dining, parks, and major commuter routes. FHA assumable loan available for qualified buyers—contact listing agent for details.

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
$365,000
3.16% rateFHASave $978/mo

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