8404 Cypress Wood
VA Assumable
4.57% Rate
50 photos
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8404 Cypress Wood

Colorado Springs, CO 80927

4
Bedrooms
3
Bathrooms
2,301
Sq Ft

Payment Calculator

$3,140per 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?$26,500
$26,500$244,322
Secondary Financing8.5% Rate
$217,822
Blended rate6.27% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,182/mo
Assumable @ 4.57% + gap
$3,140/mo
$42less per month
$42
per month
$504
per year
$15,118
over 30 years

🏦 Loan Details

List Price
$530,000
Assumable Rate
4.57%
Remaining Balance
$286,894
Loan Type
VA
Est. Equity Gap
$244,322
Annual Taxes
$3,653
HOA/mo
$92

About This Home

Set on a prime corner lot in Banning Lewis Ranch, this former model home offers unobstructed Pikes Peak views and sits directly across from Climbers Park. Step outside to trails, green space, and room to breathe in one of Colorado Springs’ most amenity-rich communities.\r \r The ranch-style floor plan provides true main-level living, with the primary suite and two additional bedrooms all on the main floor. Vaulted ceilings and large windows fill the home with natural light, while durable luxury vinyl flooring runs throughout the main living areas. The gourmet kitchen is both functional and beautifully appointed with 42” cabinets, newer stainless steel smart appliances, and a butler’s pantry for extra storage. It flows seamlessly into the living areas, creating an ideal layout for everyday living and entertaining. \r \r Off the dining area, step onto the low-maintenance composite deck or enjoy the additional outdoor entertaining space perfectly positioned to take in the mountain views. The finished basement adds flexible living space with a large second family room, area for a media setup, gym, or game area, plus a fourth bedroom and full bath ideal for guests or a private work-from-home setup.\r \r NEW Class 4 Impact Resistant roof and gutters being installed before closing and offering added durability, insurance savings, and peace of mind for years to come. Additional updates include a brand new hot water heater installed, fresh exterior paint, durable cement siding, newer electric vehicle charger, and washer and dryer that stay with the home.\r \r Enjoy access to recreation centers, pools, water parks, fitness center, dog parks, miles of trails, and year-round community events such as concerts, farmers markets, and fireworks. Conveniently located approximately 25 minutes from both Peterson and Schriever Space Force Base, with easy access to shopping, dining, and daily essentials. Come experience the lifestyle, views, and community that make this home stand out.

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
$530,000
4.57% rateVASave $1,483/mo

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