1029 Union
FHA Assumable
2.96% Rate
50 photos
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1029 Union

Colorado Springs, CO 80909

4
Bedrooms
1
Bathrooms
1,313
Sq Ft

Payment Calculator

$2,039per 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?$21,250
$21,250$120,945
Secondary Financing8.5% Rate
$99,695
Blended rate4.33% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,552/mo
Assumable @ 2.96% + gap
$2,039/mo
$513less per month
$513
per month
$6,155
per year
$184,643
over 30 years

🏦 Loan Details

List Price
$425,000
Assumable Rate
2.96%
Remaining Balance
$303,376
Loan Type
FHA
Est. Equity Gap
$120,945
Annual Taxes
$1,172

About This Home

Move-in ready and extensively updated, this centrally located, 4 bedroom Colorado Springs home offers exceptional value with major improvements already completed. Conveniently situated near downtown, Patty Jewett Golf Course, Memorial Hospital, Olympic Training Center, parks, schools, shopping, dining, and I-25, you'll enjoy easy access to everything Colorado Springs has to offer.\r \r The beautifully remodeled kitchen (2026) features new cabinets, granite countertops, luxury vinyl plank flooring, tile backsplash, new sink and disposal, and a new dishwasher. The basement was remodeled in 2026 with new carpet, trim, baseboards, and light fixtures with additional unfinished space, ready to add your second bathroom. Investment minded? The back door offers an opportunity for a fully separate entrance to the basement- add that bathroom and small kitchenette and bask in Airbnb or mid/long term rental gains!\r \r Major system improvements provide peace of mind, including complete PEX plumbing replacement from the water main to all fixtures (2024), interior and exterior paint (2024), new house and garage roofs (2023), new furnace (2023), central air-conditioning (2021), refinished hardwood floors (2021), and updated bathroom floor and shower tile(2021)! \r \r With extensive updates throughout, modern finishes, and an unbeatable central location, this home is truly move-in ready and welcomes its next owner with pride.

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
$425,000
2.96% rateFHASave $1,123/mo

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