523 Hancock
FHA Assumable
3% Rate
50 photos
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523 Hancock

Colorado Springs, CO 80903

3
Bedrooms
2
Bathrooms
1,350
Sq Ft

Payment Calculator

$2,048per 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?$17,495
$17,495$170,026
Secondary Financing8.5% Rate
$152,531
Blended rate5.33% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,101/mo
Assumable @ 3% + gap
$2,048/mo
$53less per month
$53
per month
$640
per year
$19,212
over 30 years

🏦 Loan Details

List Price
$349,900
Assumable Rate
3%
Remaining Balance
$207,500
Loan Type
FHA
Est. Equity Gap
$170,026
Annual Taxes
$1,258

About This Home

NOW $349,900! Just one block from Prospect Lake and Memorial Park, this charming 1928 stucco bungalow delivers the character of an older Colorado Springs home with the convenience of thoughtful updates. Offering 3 bedrooms, 2 full baths and 1,408 square feet, this home features a refreshed kitchen, updated bathrooms and hardwood floors on the main level. The detached oversized single-car garage provides valuable storage/workshop space with convenient alley access. Enjoy Front Tange and Pikes Peak views from the front porch, plus a spacious backyard patio with a barbecue and fire pit. The location is especially convenient for enjoying walking, jogging and biking trails, neighborhood parks, public transpiration and nearby urban amenities. With no HOA and financing options including FHA and VA, this is an opportunity to own a character-filled home in a convenient central location without giving up today’s most important amenities. Come see why this Prospect Lake location is worth a closer look!

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
$349,900
3% rateFHASave $1,226/mo

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