1507 Chelton
FHA Assumable
3.42% Rate
50 photos
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1507 Chelton

Colorado Springs, CO 80909

3
Bedrooms
1
Bathrooms
1,134
Sq Ft

Payment Calculator

$2,396per 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?$17,000
$17,000$256,192
Secondary Financing8.5% Rate
$239,192
Blended rate6.75% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,042/mo
Assumable @ 3.42% + gap
$2,396/mo
$0
per month
$0
per year
$0
over 30 years

🏦 Loan Details

List Price
$340,000
Assumable Rate
3.42%
Remaining Balance
$125,183
Loan Type
FHA
Est. Equity Gap
$256,192
Annual Taxes
$1,137

About This Home

Welcome home to this charming 3-bedroom, 1-bathroom home in Colorado Springs, offering a fantastic combination of modern updates, comfortable living, and a convenient location near Palmer Park! Step inside to discover new carpet with hardwood floors underneath, fresh interior paint, and an updated kitchen and bathroom that provide a fresh, move-in-ready feel. The spacious yard offers plenty of room for outdoor activities, gardening, pets, or entertaining, while the large covered patio creates the perfect space for relaxing and enjoying Colorado’s beautiful weather. Ideally located near Palmer Park, this home provides easy access to hiking and biking trails, parks, recreation, shopping, dining, and major Colorado Springs roadways. With its desirable location, updated interior, spacious outdoor living areas, and charming character, this Colorado Springs home is a fantastic opportunity for anyone looking for an affordable and move-in-ready property in a great area!

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
$340,000
3.42% rateFHASave $1,485/mo

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