407 San Rafael
FHA Assumable
2.83% Rate
50 photos
Click to enlarge

407 San Rafael

Colorado Springs, CO 80903

1
Bedrooms
1
Bathrooms
564
Sq Ft

Payment Calculator

$1,813per 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?$17,000
$17,000$142,620
Secondary Financing8.5% Rate
$125,620
Blended rate4.98% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,042/mo
Assumable @ 2.83% + gap
$1,813/mo
$229less per month
$229
per month
$2,747
per year
$82,415
over 30 years

🏦 Loan Details

List Price
$340,000
Assumable Rate
2.83%
Remaining Balance
$205,275
Loan Type
FHA
Est. Equity Gap
$142,620
Annual Taxes
$883

About This Home

Beautifully renovated and full of charm, this single-family home in downtown Colorado Springs offers everything an apartment or condo lacks; genuine independence, no shared walls, no HOA dues, and a private fenced-in yard to call your own. Custom craftsmanship runs throughout the entire home, anchored by a stunning kitchen with custom cabinetry, hardwood floors, a Bertazzoni gas range, a SMEG refrigerator, and a farmhouse apron sink. This property is as beautiful as it is functional. The 1-bedroom, 1-bathroom home has been thoughtfully renovated to include modern conveniences such as a generous walk-in closet, without removing any of the home's original charm. Outside there is a private fenced-in yard, ideal for pets, gardening, or relaxing outdoors. The downtown location adds convenience being just minutes from Colorado College, the dining and shops along Tejon Street, the Shooks Run Trail, neighborhood parks, and quick I-25 access. This is a rare chance to own a beautifully renovated, one-of-a-kind home in one of the city's most established and centrally located neighborhoods.

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
$340,000
2.83% rateFHASave $1,110/mo

Request a Tour or Talk With an Agent

Schedule a showing or talk with our team

Or reach us directly:

📞 (719) 624-3472