6678 Cottonwood Tree
VA Assumable
2.98% Rate
50 photos
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6678 Cottonwood Tree

Colorado Springs, CO 80927

3
Bedrooms
3
Bathrooms
1,613
Sq Ft

Payment Calculator

$2,324per 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?$22,500
$22,500$172,910
Secondary Financing8.5% Rate
$150,410
Blended rate4.92% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,702/mo
Assumable @ 2.98% + gap
$2,324/mo
$378less per month
$378
per month
$4,533
per year
$135,992
over 30 years

🏦 Loan Details

List Price
$450,000
Assumable Rate
2.98%
Remaining Balance
$277,703
Loan Type
VA
Est. Equity Gap
$172,910
Annual Taxes
$3,384
HOA/mo
$91

About This Home

Look no further! This fantastic 3 bed, 3 bath residence located in sought-after Banning Lewis Ranch features tasteful stone accents, a large front yard w/natural grass, 2 car garage, extended driveway, and a welcoming front porch. Inside you will find a comfortable living area perfect for entertaining. Elegant wood-look flooring, soft carpet in all the right places, and soothing palette throughout! The eat-in kitchen offers staggered cabinetry w/crown molding, ample counter space, a two-tiered island, pantry, and all the built-in appliances you'll need for preparing your favorite meals. End your busy day in the primary suite, showcasing soaring ceilings and a lavish bath w/dual sinks plus a garden tub. Full unfinished basement can easily be converted into additional living space as well! Also included is a quaint backyard where you can spend a relaxing summer evening. The community of Banning Lewis Ranch is a beautiful and has so much to offer! Award winning neighborhood charter schools, miles of hiking trails, Clubhouse with fitness center and weight room, 2 swimming pools, parks, pickleball and tennis courts, summer concerts featuring food trucks and farmer's markets, large grassy area for July 4th festivities, Labor Day Lift-Off with hot air balloons, and community gatherings.This home simply has it all! Schedule your showing today!

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
$450,000
2.98% rateVASave $1,400/mo

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