5168 Somervell Court
Colorado Springs, CO 80925|Van Buren Plan
$494,650$534,650
*Incentives have been applied to reduce the purchase price.
4Beds
2Baths
2,199Sq. 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 5168 Somervell Court
| Home sales price | $494,650.00 |
|---|---|
| Modeled adjusted contract price | $551,436.78 |
| Loan amount | $563,292.67 |
| 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% ($48,786.78) |
| VA funding fee | 2.15% ($11,855.89) — financed |
| Assumed closing costs | $8,000.00 — modeled seller credit |
| Year 1 principal & interest paid by buyer | $2,529.44 |
|---|---|
| Estimated property taxes | $453.26 |
| Homeowners insurance | $180.00 |
| Mortgage insurance | $0.00 |
| HOA / metro charges | $20.00 |
| Year 1 estimated monthly total | $3,182.69 |
| Period | Payment based on | Estimated monthly payment |
|---|---|---|
| Year 1 | 3.5% | $3,182.69 |
| Year 2 | 4.5% | $3,507.38 |
| Year 3 | 5.5% | $3,851.57 |
| Year 4 onward | 6.5% | $4,213.65 |
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 2,199 square feet of space to live, gather and grow. Enjoy space for shared meals, time together and a place to unwind.
Take a closer look
Step inside the Van Buren plan
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Open 3D Tour ↗Video and 3D tour show the Van Buren floor plan. Elevation, options and finishes may differ from this home.
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Floor Plans
See how 2,199 sq. ft. lives.
Explore the Van Buren floor plan and available layout variations.
Floor plans are representative. Actual home configuration may vary.
The NeighborhoodExplore Bradley Heights
Life at Bradley Heights
Bradley Heights is located in southeast Colorado Springs, with convenient access to restaurants, shopping and Colorado Springs Airport. Nearby outdoor destinations include Bluestem Prairie Open Space and Big Johnson Reservoir.
- Pikes Peak views
- Nearby hiking trails
- Near Bluestem Prairie Open Space
School District 3
- French Elementary School
- Watson Jr High School
- Widefield High School
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That trust is what keeps us focused on building homes worthy of life’s most meaningful moments.
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Alex LopourChallenger Homes(719) 339-9745
Devin JonesChallenger Homes(719) 761-1196
Matt O’NeilChallenger Homes(360) 977-1943
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