2206 Olympic
FHA Assumable
5.87% Rate
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2206 Olympic

Colorado Springs, CO 80910

3
Bedrooms
1
Bathrooms
912
Sq Ft

Payment Calculator

$1,754per 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?$14,500
$14,500$85,024
Secondary Financing8.5% Rate
$70,524
Blended rate6.54% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,741/mo
Assumable @ 5.87% + gap
$1,754/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$290,000
Assumable Rate
5.87%
Remaining Balance
$204,976
Loan Type
FHA
Est. Equity Gap
$85,024
Annual Taxes
$634

About This Home

Great opportunity to own a ranch-style home in the well-established Pikes Peak Park community, known for its friendly neighbors and convenient location. Situated on a large, private yard, this property offers plenty of space to create the outdoor retreat you've always envisioned. Inside, you'll find a functional and comfortable layout highlighted by beautiful newly refinished hardwood floors in the living room and extending down the hallway. The eat-in kitchen provides a welcoming space for everyday meals and offers direct access to the backyard for easy indoor-outdoor living. Three bedrooms share an updated full bathroom, including an extra-spacious primary bedroom featuring hardwood floors and a walk-in closet. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this home offers great potential and value. Conveniently located with quick access to I-25 and Highway 24, commuting is a breeze. Plus, you're just 10 minutes from charming downtown Colorado Springs, where you'll enjoy local restaurants, shops, parks, and entertainment.

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
$290,000
5.87% rateFHASave $381/mo

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