6964 Palmer Park
FHA Assumable
6% Rate
50 photos
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6964 Palmer Park

Colorado Springs, CO 80915

3
Bedrooms
2
Bathrooms
1,280
Sq Ft

Payment Calculator

$1,610per 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?$10,500
$10,500$167,539
Secondary Financing8.5% Rate
$157,039
Blended rate7.75% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,261/mo
Assumable @ 6% + gap
$1,610/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$210,000
Assumable Rate
6%
Remaining Balance
$67,071
Loan Type
FHA
Est. Equity Gap
$167,539
Annual Taxes
$1,305
HOA/mo
$266

About This Home

Unlock the potential in this spacious Cimarron Hills townhome, ready for its next chapter. This distressed property offers an excellent opportunity for investors, flippers, or buyers looking to customize a home to their own style. With a functional two-story layout, an open-concept main level, and a wood-burning fireplace as the focal point of the living room, the bones are here—it just needs vision and elbow grease.\r \r The home features a large kitchen with ample cabinet and counter space, a breakfast bar overlooking the living area, a convenient main-level powder room, a dedicated laundry area, and generous storage. Outside, enjoy mature shade trees, a covered front entry, and a private rear access.\r \r This property needs cosmetic updates, including paint, flooring/carpet, and general modernization, making it an ideal value-add opportunity. Bring your contractor, designer, and imagination to transform this townhome into a fantastic primary residence, rental, or resale project.\r \r Located in the established Cimarron Hills neighborhood with convenient access to shopping, dining, schools, parks, Peterson Space Force Base, and major commuter routes.

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
$210,000
6% rateFHASave $729/mo

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