Open Living
A warm gathering spot centered around a cozy linear fireplace.
16355 Monument Rock Court
Monument, CO 80132|Summerton Plan
$654,900$749,900
*Incentives have been applied to reduce the purchase price.
4Beds
3Baths
3,042Sq. Ft.
2Car Garage
Explore your financing options
Explore your financing options
5/1 ARM3.875%Initial interest rate
FIXED RATE4.99%Fixed interest rate
3-2-1 Buydown
3.5%Year 1 rateFeatured payment optionYear 24.5%
Year 35.5%
Year 4 onward6.5%
Rates shown are for VA financing. Interest rates, not APR. Subject to eligibility, availability and lender approval. See individual homes for payment details.
Payment assumptions & details
Payment example for 16355 Monument Rock Court
| Home sales price | $654,900.00 |
|---|---|
| Modeled adjusted contract price | $727,240.51 |
| Loan amount | $742,876.18 |
| Loan term | 30 years |
| Down payment | 0% ($0.00) |
| Fixed note rate (not APR) | 6.5% |
| Loan program | VA 3-2-1 Buydown — eligible buyer with full entitlement |
| Total 3-2-1 buydown cost | 8.661% ($64,340.51) |
| VA funding fee | 2.15% ($15,635.67) — financed |
| Assumed closing costs | $8,000.00 — modeled seller credit |
| Year 1 principal & interest paid by buyer | $3,335.85 |
|---|---|
| Estimated property taxes | $649.04 |
| Homeowners insurance | $180.00 |
| Mortgage insurance | $0.00 |
| HOA / metro charges | $180.00 |
| Year 1 estimated monthly total | $4,344.89 |
| Period | Payment based on | Estimated monthly payment |
|---|---|---|
| Year 1 | 3.5% | $4,344.89 |
| Year 2 | 4.5% | $4,773.09 |
| Year 3 | 5.5% | $5,227.01 |
| Year 4 onward | 6.5% | $5,704.53 |
Fixed note rate: 6.5%. A builder-funded 3-2-1 buydown reduces the buyer’s principal and interest payments during years 1–3. Payments increase each year through year 4. Tax, insurance and community-fee estimates are held constant in this illustration; actual amounts can change.
The advertised amount is the Year 1 estimated payment. A builder-funded 3-2-1 buydown reduces the buyer’s principal and interest payments during the first three years; the underlying note rate remains fixed. Payments are based on a rate 3 percentage points below the note rate in Year 1, 2 points below in Year 2, and 1 point below in Year 3. Full note-rate payments begin in Year 4. Taxes, insurance and HOA/metro charges are estimates and may change. Interest rate is not APR. Financing costs are modeled through a higher contract price and seller credits, subject to lender approval and appraisal support. Contact the lender for a complete Loan Estimate.
About this home
Space to live, gather and grow.
This four-bedroom home offers 3,042 square feet of space to live, gather and grow. Enjoy space for shared meals, time together and a place to unwind.
Kitchen
From morning coffee to meals with friends, gather around the island.
Take a closer look
Step inside the Summerton plan
Watch the Video
Open Video ↗Explore the 3D Tour
Open 3D Tour ↗Video and 3D tour show the Summerton floor plan. Elevation, options and finishes may differ from this home.
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Schedule a private tour of this home.
Floor Plans
See how 3,042 sq. ft. lives.
Explore the Summerton floor plan and available layout variations.
Floor plans are representative. Actual home configuration may vary.
The NeighborhoodExplore Home Place Ranch
Life at Home Place Ranch
Home Place Ranch is located in the foothills of Monument. The community is on the east side of I-25 off of Glen Eagle Drive.
- Natural Walking Trails
- Panoramic Front Range Vistas
- Near I-25
Lewis-Palmer School District 38
- Bear Creek Elementary
- Lewis Palmer Middle School
- Lewis Palmer High School
Making Life Better for more than 25 years.
25+Years
10,000+Homes Built
25+Communities
90% of homeowners would recommend Challenger Homes.
That trust is what keeps us focused on building homes worthy of life’s most meaningful moments.
2025 Top 100 BuilderHome Builder Executive
Best of the Springs WinnerRecognized in Colorado Springs
Ready to see it?
Come see 16355 Monument Rock Court.
Tours are available six days a week. Choose a day that works for you, then select an available appointment time.
Have a question?
Talk with Amy Sundquist about this home.
Have a question about 16355 Monument Rock Court, financing, availability or the community? We can help.
Amy SundquistChallenger Homes(303) 910-4711
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