Laura Jewett

Laura Jewett

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Closed

$115,000

($45,133 down)
FHA

120 E Beech Avenue, Fergus Falls, MN 56537

3
2
980 sqft
PITI Monthly
$681.98 /mo

Listing courtesy of: , RE/MAX Advantage Plus

Assumed Rate

3.61%
7.15%

Principal & Interest

$354 /mo
$525 /mo

What's Special

LOCATION
COZY

Discover the potential in this 3-bedroom, 2-bath home located on a corner lot just north of Lake Alice. This property offers a practical layout with a cozy galley kitchen and an attached single-car garage for convenience. With its great location and solid structure, this home is ready for your personal touch to bring out its full charm!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.61
Remaining Loan Term
24 years, 8 months
Monthly PITI
$681.98/mo
Estimated Loan Balance
$70,720
Cash to close
$45,133
Interest Paid
$14,193

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1942
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Allens Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Fergus Falls

Financial Details

  • Price per Sqft: $117.35
  • Tax Annual Amount: $1476
  • On Market Date: 2024-11-12T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $45,133 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$

You cover the entire equity of $45,133!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$69,867
Your Cash$45,133
Total Purchase Price:$115,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$354/mo
Traditional @ 7.5%
$545/mo
You save $191/month ($2,289/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6629671

Listing From: northstar

Last updated: 2025-03-18T00:17:03.000Z

© , northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.61%
7.15%

Principal & Interest

$354 /mo
$525 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $45,133 (39%)
You can enter any amount below - secondary financing will cover the difference if needed.
39%
$

You cover the entire equity of $45,133!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.61% Sellers Rate
$69,867
Your Cash$45,133
Total Purchase Price:$115,000

Assumed vs Traditional Mortgage

Assumed @ 3.61%
$354/mo
Traditional @ 7.5%
$545/mo
You save $191/month ($2,289/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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