28 7th
VA Assumable
3.88% Rate
50 photos
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28 7th

Colorado Springs, CO 80905

4
Bedrooms
2
Bathrooms
1,840
Sq Ft

Payment Calculator

$2,962per 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?$26,750
$26,750$219,045
Secondary Financing8.5% Rate
$192,295
Blended rate5.63% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,212/mo
Assumable @ 3.88% + gap
$2,962/mo
$251less per month
$251
per month
$3,012
per year
$90,353
over 30 years

🏦 Loan Details

List Price
$535,000
Assumable Rate
3.88%
Remaining Balance
$315,165
Loan Type
VA
Est. Equity Gap
$219,045
Annual Taxes
$2,009

About This Home

A qualified buyer can step into the seller's existing financing instead of borrowing at today's rates. Ask your agent about assumption terms and the equity difference before you write anything else off.\r \r The house behind the financing is a genuine 1899 Dutch Colonial in the heart of the Westside: four bedrooms, two baths, classic gambrel roofline, covered front porch, and decorative iron fencing on a fully fenced lot. Inside, original hardwood floors, a coffered ceiling, two decorative fireplace mantels, and an open staircase with iron balusters carry the period character through the main level, while vintage cast iron radiators deliver quiet, even heat. The updated kitchen balances old and new, two-tone cabinetry, granite countertops, subway tile backsplash, stainless steel appliances, recessed lighting, and a sliding barn door. Off the kitchen, a bright flex room with windows on three sides works as a sunroom, home office, or breakfast nook, and main-level laundry keeps the day-to-day simple.\r \r Upstairs, the bedrooms sit under charming dormer ceilings with built-in storage nooks, period four-panel doors with original hardware, and a barn-door closet. The full bath has been updated with a dual-sink stone vanity, tiled floor, and tiled shower surround. An unfinished basement handles storage and mechanicals, and there's a two-car garage with attached shed.\r \r Walkable Westside location- short trip to Old Colorado City, Bancroft Park, and downtown Colorado Springs, with quick access to Highway 24 toward Manitou Springs and the mountains.

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
$535,000
3.88% rateVASave $1,400/mo

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