505 Cedar
VA Assumable
4.07% Rate
50 photos
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505 Cedar

Colorado Springs, CO 80903

3
Bedrooms
1
Bathrooms
901
Sq Ft

Payment Calculator

$3,139per 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?$22,745
$22,745$264,025
Secondary Financing8.5% Rate
$241,280
Blended rate6.17% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,732/mo
Assumable @ 4.07% + gap
$3,139/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$454,900
Assumable Rate
4.07%
Remaining Balance
$266,740
Loan Type
VA
Est. Equity Gap
$264,025
Annual Taxes
$1,174

About This Home

Step into this beautifully preserved 1930s bungalow, where classic character meets efficient city living. This property has 2 lots that doubles the size of the yard. Brand NEW windows in 2026. New roof in 2022. Featuring a sturdy, low-maintenance stucco exterior, a functional floor plan, and forced-air heating, this home is a cozy retreat from the daily bustle. Featuring 3 bedrooms and 1 bath and 2(two) Single car garages(both of which have power) . There is plenty of parking inside the fenced area or in the long asphalt driveway. There is plenty of space to park an RV, trailer, or boat. The well landscaped yard means less time mowing and more time enjoying local favorites like local coffee shops, restaurants, and shops. It's close to a hospital and parks and schools. Perfect for anyone wanting an affordable, character-rich home close to the heart of the city.

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
$454,900
4.07% rateVASave $1,673/mo

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