7350 Waterwheel
FHA Assumable
4.17% Rate
50 photos
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7350 Waterwheel

Colorado Springs, CO 80911

3
Bedrooms
2
Bathrooms
1,208
Sq Ft

Payment Calculator

$1,723per month
No secondary financing needed

The equity gap on this property ($7,415) is less than 5% of the purchase price ($17,500). Your down payment covers the full gap with no second mortgage required.

Down payment$7,415
Effective rate4.17% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,102/mo
Assumable @ 4.17%
$1,723/mo
$379less per month
$379
per month
$4,549
per year
$136,464
over 30 years

🏦 Loan Details

List Price
$350,000
Assumable Rate
4.17%
Remaining Balance
$353,514
Loan Type
FHA
Est. Equity Gap
Contact us
Annual Taxes
$1,350

About This Home

Situated in an established neighborhood, this tri-level home offers an opportunity to personalize to personal taste. The main level welcomes with a cozy living area filled with natural light from large windows, creating a warm and comfortable atmosphere. The adjoining dining space provides a functional setting for everyday meals and gatherings. The galley kitchen features newer stainless steel appliances for added convenience. A main level walkout extends the living space outdoors to a fully fenced backyard, complete with a storage shed and room for a variety of uses. Upstairs, the layout includes a primary bedroom, two additional bedrooms, and a full bath, offering separation and flexibility. The lower level adds valuable living space with a second family room, well-suited for a variety of needs. This level also includes a third bedroom, an additional full bath, and laundry area. Conveniently located with access to everyday amenities, dining, recreation, and major thoroughfares.

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
$350,000
4.17% rateFHASave $308/mo

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