1014 Lutheran
FHA Assumable
2.84% Rate
50 photos
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1014 Lutheran

Colorado Springs, CO 80915

2
Bedrooms
2
Bathrooms
1,024
Sq Ft

Payment Calculator

$945per 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?$11,275
$11,275$28,080
Secondary Financing8.5% Rate
$16,805
Blended rate3.28% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,354/mo
Assumable @ 2.84% + gap
$945/mo
$409less per month
$409
per month
$4,913
per year
$147,398
over 30 years

🏦 Loan Details

List Price
$225,500
Assumable Rate
2.84%
Remaining Balance
$197,420
Loan Type
FHA
Est. Equity Gap
$28,080
Annual Taxes
$955
HOA/mo
$320

About This Home

Welcome to easy, low-maintenance living in this charming 55+ community! This inviting two-bedroom, one-bath townhome offers a comfortable and functional layout surrounded by beautiful mature trees that provide plenty of shade and a peaceful setting. Enjoy the convenience of your own garage, plus a small private back patio that’s perfect for morning coffee, relaxing with a book, or enjoying Colorado’s beautiful weather. One of the best features is the community center located just across the sidewalk, making it incredibly convenient to enjoy neighborhood activities, gatherings, and amenities while still having the privacy of your own home. Ideally situated in a central location, you’ll also enjoy easy access to shopping centers, hospitals, dining, and other everyday conveniences. With its manageable size, mature landscaping, garage, welcoming community atmosphere, and convenient location, this townhome is an ideal option for those looking to simplify and enjoy the benefits of 55+ living.

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
$225,500
2.84% rateFHASave $421/mo

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