7475 Chancellor
VA Assumable
5.23% Rate
50 photos
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7475 Chancellor

Colorado Springs, CO 80920

5
Bedrooms
4
Bathrooms
3,774
Sq Ft

Payment Calculator

$3,176per 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?$28,750
$28,750$104,954
Secondary Financing8.5% Rate
$76,204
Blended rate5.69% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$3,453/mo
Assumable @ 5.23% + gap
$3,176/mo
$277less per month
$277
per month
$3,323
per year
$99,697
over 30 years

🏦 Loan Details

List Price
$575,000
Assumable Rate
5.23%
Remaining Balance
$470,046
Loan Type
VA
Est. Equity Gap
$104,954
Annual Taxes
$2,590
HOA/mo
$115

About This Home

Welcome to this beautifully maintained 5-bedroom, 4-bathroom home in highly sought-after Academy School District 20, offering an incredible amount of flexible living space along with major recent updates! Highlights include a new roof installed in 2023 with Class 4 impact-resistant shingles, exterior paint completed in 2024, a furnace approximately 2 years old, updated carpet, a dedicated home office, upstairs loft, finished basement with kitchenette, and three separate living areas. With plenty of room for entertaining, working from home, hosting guests, or multi-generational living, this home offers the space and versatility today's buyers are looking for.\r \r Step inside to a bright and welcoming main level featuring formal living and dining rooms, a private office, and a spacious family room that connects naturally to the kitchen. The open flow between the kitchen and family room creates a comfortable gathering place, while the additional living and dining spaces provide plenty of options for entertaining and everyday life.\r \r Upstairs, the spacious primary suite is joined by two additional bedrooms, another full bathroom, and a versatile loft. Whether you need a playroom, homework area, media room, or second family room, the loft gives you the flexibility to make the space your own.\r \r The finished basement adds even more possibilities with two additional bedrooms, a kitchenette, and another large family room. It's an excellent setup for extended family, teenagers, overnight guests, a home theater, game room, or recreation space.\r \r Conveniently located near shopping, dining, parks, schools, and major roadways, this home puts everyday necessities and Colorado Springs amenities within easy reach. The location offers an ideal balance of neighborhood living and accessibility, making daily commutes, errands, dining out, and weekend activities simple and convenient.

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
$575,000
5.23% rateVASave $698/mo

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