87 Peabody
FHA Assumable
2.81% Rate
50 photos
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87 Peabody

Castle Rock, CO 80104

3
Bedrooms
3
Bathrooms
1,947
Sq Ft

Payment Calculator

$2,921per 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?$27,500
$27,500$170,727
Secondary Financing8.5% Rate
$143,227
Blended rate4.20% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,303/mo
Assumable @ 2.81% + gap
$2,921/mo
$382less per month
$382
per month
$4,583
per year
$137,500
over 30 years

🏦 Loan Details

List Price
$550,000
Assumable Rate
2.81%
Remaining Balance
$442,198
Loan Type
FHA
Est. Equity Gap
$170,727
Annual Taxes
$3,554
HOA/mo
$87

About This Home

Castle Rock is one of the most in-demand addresses on the Front Range, and Castlewood Ranch is one of the best spots in it. This two-story home puts you right in the middle of it all — with a layout that opens up the moment you walk in. The living room makes a statement with a pallet-wood fireplace surround, and LVP flooring flows through the main level and up into the spacious upstairs loft, a wide-open bonus space that works as a second living room, home office, or both. The kitchen is built to impress — stainless steel appliances, recessed lighting, pendant fixtures over the dining area, and a sliding glass door that opens straight to the backyard, making it as good for everyday cooking as it is for entertaining. The primary suite features a barn door entry, walk-in closet, and double-vanity bath. Additional bedrooms share a full bath upstairs, a half bath on the main level handles guests, and the dedicated laundry room as well. Castlewood Ranch offers parks, trails, and Douglas RE-1 schools — Flagstone Elementary, Mesa Middle, and Douglas County High — with easy I-25 access to Denver and Colorado Springs. This is a short sale, subject to third-party lender approval. The right buyer gets a great home in a neighborhood people are competing to get into.

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
$550,000
2.81% rateFHASave $1,538/mo

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