Assumable homes for sale in Deer River, MN

1 homeFHA loansrates from 6.99% vs 7.32% today

Deer River assumption guide

406 1st Street, Deer River, MN, 56636 — assumable FHA mortgage at 6.99%

FHA

Active

$194,000$18,445 equity gap

Rate: 6.99%; ~~7.32%~~today
Payment: $1,194/mo; ~~$1,234~~today

3beds
2baths
1,732sqft

406 1st Street, Deer River

Assuming a mortgage in Deer River

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 7.32%), so you can see the saving before you tour.

Lowest existing rate: 6.99%
Lowest existing payment: $1,194 /mo
Median cash to assume: $18,445