1608 Highland
FHA Assumable
2.81% Rate
50 photos
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1608 Highland

Colorado Springs, CO 80906

2
Bedrooms
1
Bathrooms
686
Sq Ft

Payment Calculator

$1,776per 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?$19,950
$19,950$81,485
Secondary Financing8.5% Rate
$61,535
Blended rate3.74% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,396/mo
Assumable @ 2.81% + gap
$1,776/mo
$619less per month
$619
per month
$7,432
per year
$222,973
over 30 years

🏦 Loan Details

List Price
$399,000
Assumable Rate
2.81%
Remaining Balance
$316,784
Loan Type
FHA
Est. Equity Gap
$81,485
Annual Taxes
$1,844

About This Home

LOCATION, LOCATION, LOCATION. \r \r Nestled in the heart of Cheyenne Canyon and within the award winning school district 12, this location offers a lifestyle that's hard to replicate at any price point. You have hiking, cycling, restaurants, amazing schools, and tons of wildlife to explore at your fingertips. The main Stratton open space and trail head is just 150 yards away! Some of the best hiking in all of Colorado Springs. NO HOA - Absolutely insane! \r \r This home features 2 beds, 1 bath, HUGE LOT with mature trees giving you complete privacy, massive front desk, 1 car attached garage, paid off solar panels, upgraded kitchen with appliances, and options to expand parking. Within the last 5 years these MAJOR ITEMS were added or replaced - A/C, ROOF, FURNACE, SOLAR PANELS, PAINT ON FRONT DECK.\r \r NOW is your chance to get into a highly coveted location where garages and big yards are extremely rare.

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
$399,000
2.81% rateFHASave $922/mo

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