FHA
Active
24$229,900$65,292 down
- Rate
- 3.08%
7.28%today- Payment
- $795/mo
$1,276today
- 4beds
- 2baths
- 2,415sqft
Assumable homes for sale in Magnolia, MN
2 homesFHA loansrates from 3.08% vs 7.28% today
Magnolia assumption guide
FHA
Active
28$210,000$33,874 down
- Rate
- 6.65%
7.28%today- Payment
- $1,146/mo
$1,222today
- 2beds
- 1baths
- 1,204sqft
1018 Elm Street, Luverne
Assuming a mortgage in Magnolia
An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.28%), so you can see the saving before you tour.
- Lowest existing rate
- 3.08%
- Lowest existing payment
- $795 /mo
- Median cash to assume
- $49,583