5620 Shoup
VA Assumable
2.89% Rate
50 photos
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5620 Shoup

Colorado Springs, CO 80908

3
Bedrooms
2
Bathrooms
2,346
Sq Ft

Payment Calculator

$3,471per 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?$36,750
$36,750$194,649
Secondary Financing8.5% Rate
$157,899
Blended rate4.15% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$4,413/mo
Assumable @ 2.89% + gap
$3,471/mo
$943less per month
$943
per month
$11,313
per year
$339,393
over 30 years

🏦 Loan Details

List Price
$735,000
Assumable Rate
2.89%
Remaining Balance
$542,838
Loan Type
VA
Est. Equity Gap
$194,649
Annual Taxes
$3,188

About This Home

Located in the desirable Black Forest area, this beautifully updated ranch-style home sits on nearly 5 fully fenced and wooded acres, offering privacy, tranquility, and functional living space both inside and out. Fully remodeled in 2020, the home features major improvements including a new well, roof, furnace, and updated sewer line. The septic system was replaced in 2025, the wood-burning fireplace has been inspected and certified, and a home inspection has already been completed for added peace of mind.\r \r Inside, the oversized living room showcases beautiful ceiling beams and a cozy wood-burning fireplace, creating a warm and inviting atmosphere. A separate family room with skylights provides additional living space filled with natural light. The galley-style kitchen includes a breakfast nook, while the separate dining room offers the perfect setting for entertaining and gatherings.\r \r The spacious primary suite features an attached bathroom along with a large walk-in closet complete with a dressing area and skylights. The second bedroom also includes a walk-in closet and attached bathroom access, while the third bedroom features skylights and oversized windows that allow abundant natural sunlight to pour in.\r \r The oversized detached 3-car garage includes loft storage space, two 220V circuits, and commercial power availability, making it ideal for projects, equipment, or business use. A separate workshop with electricity adds even more versatility to this exceptional property. Enjoy the rare combination of wooded acreage, extensive updates, and flexible workspace in one of the area's most sought-after locations.

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
$735,000
2.89% rateVASave $1,864/mo

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