Assumable homes for sale in Otsego, MN

5 homesFHA loansrates from 2.81% vs 7.32% today

Otsego assumption guide
13413 Riverview Drive, Elk River, MN, 55330 — assumable FHA mortgage at 2.81%
FHA
Active
18
$374,900$104,687 equity gap
Rate
2.81%
7.32%today
Payment
$1,273/mo
$2,125today
  • 5beds
  • 2baths
  • 2,126sqft

13413 Riverview Drive, Elk River

8098 Padgett Avenue, Otsego, MN, 55330 — assumable FHA mortgage at 5.27%
FHA
Active
47
$420,000$10,293 equity gap
Rate
5.27%
7.32%today
Payment
$2,418/mo
$3,001today
  • 4beds
  • 4baths
  • 2,775sqft

8098 Padgett Avenue, Otsego

8710 Parkington Avenue, Otsego, MN, 55330 — assumable FHA mortgage at 6.83%
FHA
Active
43
$315,000Potential short sale
Rate
6.83%
7.32%today
Payment
$2,206/mo
$2,317today
  • 3beds
  • 3baths
  • 1,906sqft

8710 Parkington Avenue, Otsego

7924 Palmgren Avenue, Otsego, MN, 55330 — assumable FHA mortgage at 4.37%
FHA
Active
28
$430,000$285,896 equity gap
Rate
4.37%
7.32%today
Payment
$999/mo
$1,375today
  • 4beds
  • 4baths
  • 2,352sqft

7924 Palmgren Avenue, Otsego

8302 Parkview Avenue, Otsego, MN, 55330 — assumable FHA mortgage at 6.11%
FHA
Active
28
$250,000$44,603 equity gap
Rate
6.11%
7.32%today
Payment
$1,310/mo
$1,484today
  • 2beds
  • 2baths
  • 1,660sqft

8302 Parkview Avenue, Otsego

Assuming a mortgage in Otsego

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
2.81%
Lowest existing payment
$999 /mo
Median cash to assume
$74,645
Equal Housing Opportunity

UMe is committed to and abides by the Fair Housing Act and Equal Opportunity. Listing data is refreshed daily from participating MLS feeds; existing loan terms are estimates until verified with the servicer.