625 Madison
VA Assumable
3.07% Rate
50 photos
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625 Madison

Colorado Springs, CO 80907

4
Bedrooms
2
Bathrooms
1,536
Sq Ft

Payment Calculator

$1,992per 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$130,545
Secondary Financing8.5% Rate
$110,595
Blended rate4.65% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,396/mo
Assumable @ 3.07% + gap
$1,992/mo
$403less per month
$403
per month
$4,842
per year
$145,259
over 30 years

🏦 Loan Details

List Price
$399,000
Assumable Rate
3.07%
Remaining Balance
$268,455
Loan Type
VA
Est. Equity Gap
$130,545
Annual Taxes
$1,204

About This Home

The blue bungalow with the yellow door — the one people slow down for — is ready for its next chapter. For the last decade it's been loved hard and improved the right way, and it shows the moment you step through the gate. Summer here starts in the walk-in greenhouse and ends up in the raised garden beds; evenings drift to the flagstone fire-pit lounge under string lights, and wind down in the hot tub, which stays with the house. Inside light pours over an open living-and-kitchen space with stainless appliances, warm wood cabinetry, and color chosen with actual conviction. Two bedrooms and a full bath live on the main level; downstairs, the finished basement rewrites the math — two more bedrooms, a 3/4 bath, a 14x20 family room, and a built-in desk nook where the commute is twelve steps. The unglamorous work is already done, and permitted: new roof in 2022, upgraded electrical panel in 2022, high-efficiency furnace and central A/C in 2015. No HOA telling you what color your door can be. Alley access, mature shade trees, and you're minutes from downtown, Old Colorado City, and I-25. Homes with this much story don't come along often — come write the next one.

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
$399,000
3.07% rateVASave $1,133/mo

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