526 Hancock
VA Assumable
2.9% Rate
50 photos
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526 Hancock

Colorado Springs, CO 80903

3
Bedrooms
2
Bathrooms
N/A
Sq Ft

Payment Calculator

$1,292per 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?$15,000
$15,000$45,009
Secondary Financing8.5% Rate
$30,009
Blended rate3.49% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,801/mo
Assumable @ 2.9% + gap
$1,292/mo
$509less per month
$509
per month
$6,112
per year
$183,349
over 30 years

🏦 Loan Details

List Price
$300,000
Assumable Rate
2.9%
Remaining Balance
$254,991
Loan Type
VA
Est. Equity Gap
$45,009
Annual Taxes
$775

About This Home

Character. Convenience. Room to make it your own. Built in 1925, this 3-bedroom, 2-bath bungalow sits in the\r established Lake Park neighborhood. Just minutes from downtown and a short walk to Memorial Park and Prospect\r Lake, you'll have easy access to trails, paddleboarding, community events, and everything that makes this part of the\r city so popular. Inside, the kitchen has been refreshed with butcher block countertops, while the gas cooktop and\r double ovens are ready for everything from weeknight dinners to holiday meals. The rest of the home offers a\r comfortable blend of original character and opportunity, leaving plenty of room to put your own stamp on the space. Out\r back, the fenced yard offers a deck made for slow evenings, plus a detached one-car garage with convenient alley\r access for parking and storage. It's an outdoor space that's easy to enjoy without demanding every weekend of your\r time. Whether you're looking for your next address or your next investment, this property is ready for someone to make\r the most of everything it has to offer.

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
$300,000
2.9% rateVASave $621/mo

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