Assumable homes for sale in Margate, FL

3 homesFHA loansrates from 2.68% vs 7.28% today

Margate assumption guide

7380 PINEWALK Drive #37-8, Margate, FL, 33063 — assumable FHA mortgage at 2.68%

FHA

Active

$415,000$171,180 down

Rate: 2.68%; ~~7.28%~~today
Payment: $1,132/mo; ~~$1,915~~today

3beds
3baths
1,320sqft

7380 PINEWALK Drive #37-8, Margate

6408 BROOKWOOD Boulevard, Tamarac, FL, 33321 — assumable FHA mortgage at 6.50%

FHA

Active

$469,000$56,590 down

Rate: 6.50%; ~~7.28%~~today
Payment: $2,660/mo; ~~$2,875~~today

3beds
2baths
1,251sqft

6408 BROOKWOOD Boulevard, Tamarac

2531 7TH Terrace, Pompano Beach, FL, 33064 — assumable FHA mortgage at 8.77%

FHA

Active

$450,000$463,958 down

Rate: 8.77%; ~~7.28%~~today
Payment: $511/mo; ~~$444~~today

3beds
1baths
991sqft

2531 7TH Terrace, Pompano Beach

Assuming a mortgage in Margate

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: 2.68%
Lowest existing payment: $511 /mo
Median cash to assume: $171,180