1116 Montrose
FHA Assumable
4.2% Rate
50 photos
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1116 Montrose

Colorado Springs, CO 80905

3
Bedrooms
2
Bathrooms
894
Sq Ft

Payment Calculator

$1,896per 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?$15,500
$15,500$177,815
Secondary Financing8.5% Rate
$162,315
Blended rate6.57% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,861/mo
Assumable @ 4.2% + gap
$1,896/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$310,000
Assumable Rate
4.2%
Remaining Balance
$132,513
Loan Type
FHA
Est. Equity Gap
$177,815
Annual Taxes
$991

About This Home

Main Level Living seeks New Owner for Stress-Free Relationship!\r Are you tired of dating homes that look good in photos but have "baggage" like a 30-year-old furnace? Meet your perfect match! Whether you’re a first-time buyer or looking to "right-size" into something more manageable, this remodeled beauty is the real deal. This seller has done the heavy lifting so you don’t have to. We’re talking a 2025 Water Heater (basically brand new!), 2020 Furnace and 2020 AC units that are barely out of diapers. Inside, it’s a top-to-bottom remodel with appliances that are actually both functioning & beautiful.\r The "Wow" Factors:\r *Main Level Living: Your knees called—they said "thank you."\r *Two Bathrooms: Yes, two! No more morning "rock-paper-scissors" to use the toilet. \r *The Curb appeal: The front yard is so lush and green you’ll want to take your shoes off and apologize to the lawn for walking on it ; )\r Stop scrolling and start packing.....Don’t wait for the "disappointment" of seeing a 'Sold' sign—schedule your showing today!

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
$310,000
4.2% rateFHASave $1,069/mo

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