2401 Ellingwood
VA Assumable
3.06% Rate
50 photos
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2401 Ellingwood

Colorado Springs, CO 80910

3
Bedrooms
3
Bathrooms
1,888
Sq Ft

Payment Calculator

$1,968per 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$66,740
Secondary Financing8.5% Rate
$44,240
Blended rate3.62% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,702/mo
Assumable @ 3.06% + gap
$1,968/mo
$734less per month
$734
per month
$8,804
per year
$264,116
over 30 years

🏦 Loan Details

List Price
$450,000
Assumable Rate
3.06%
Remaining Balance
$383,260
Loan Type
VA
Est. Equity Gap
$66,740
Annual Taxes
$1,525
HOA/mo
$60

About This Home

The moment you arrive, you begin to realize just how special this corner lot truly is. Positioned across from open space with stunning mountain views, this home offers a rare combination of openness, comfort, and convenience in one of the best locations within Spring Creek Traditional.\r \r Inside, you’re welcomed by a bright and open floor plan that seamlessly connects the kitchen, dining, and living spaces, creating the perfect environment for everyday living, entertaining, or simply enjoying the natural light that fills the home. The kitchen opens directly into the main living area, making the space feel connected, functional, and inviting.\r \r One of the home’s most unique features is the picture-perfect sitting nook designed to capture breathtaking views of Pikes Peak. Whether it’s your morning coffee, a quiet evening, or simply a moment to slow down, this space was made to enjoy Colorado living.\r \r The main-level office provides incredible flexibility and could easily function as an additional bedroom, guest room, or creative workspace depending on your needs. Downstairs, the unfinished basement offers a blank canvas ready for your vision, whether that’s additional bedrooms, a home gym, theater room, or expanded entertainment space.\r \r The location is equally impressive. Centered between Highway 24 and I-25, you’ll have quick access to downtown Colorado Springs, military bases, shopping, dining, and everything the city has to offer while still enjoying the feeling of openness created by the neighboring green space.\r \r And perhaps one of the most exciting opportunities : this home features an assumable loan: \r \r This home doesn’t just check boxes...it creates a lifestyle that feels open, connected, and uniquely Colorado.

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
3.06% rateVASave $877/mo

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