Laura Jewett

Laura Jewett

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Closed

$400,000

($36,327 down)
FHA

20505 Georgia Avenue N, Forest Lake, MN 55025

5
2
2,224 sqft
PITI Monthly
$2,788.72 /mo

Listing courtesy of: , Partners Realty Inc.

Assumed Rate

5.22%
7.15%

Principal & Interest

$2,067 /mo
$2,537 /mo

What's Special

LARGE CENTER ISLAND
SPACIOUS
FIREPLACE

Welcome home to this gorgeous split entry 5 bedroom 2 bath home. Equipped with a large center island and open floor plan, which is perfect for entertaining guests. This home has 3 bedrooms on the main level and 2 bedrooms on the lower level. Enjoy the spacious family room downstairs, with a gas burning fireplace to keep you warm during Minnesota winters. The hot tub is to stay with the home, and is great for a relaxing evening. This beautiful home is ready to be yours!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.22
Remaining Loan Term
27 years, 6 months
Monthly PITI
$2,788.72/mo
Estimated Loan Balance
$367,478
Cash to close
$36,327
Interest Paid
$48,158

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Amusement Room, Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Partial, Vinyl
Roof
  • Roof: Age 8 Years or Less
Parking
  • Garage: Yes
  • Garage Spaces: 3
  • 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
  • Brick/Stone, Vinyl Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1998
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Southview
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Forest Lake

Financial Details

  • Price per Sqft: $179.86
  • Tax Annual Amount: $3669
  • On Market Date: 2024-11-29T00:00:00.000Z
Inquire about this property

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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 $36,327 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $36,327!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$363,673
Your Cash$36,327
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,067/mo
Traditional @ 7.5%
$2,631/mo
You save $564/month ($6,771/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6635799

Listing From: northstar

Last updated: 2025-01-02T22:04:02.000Z

© , 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

5.22%
7.15%

Principal & Interest

$2,067 /mo
$2,537 /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 $36,327 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$

You cover the entire equity of $36,327!

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

Loan Breakdown

Assumed Mortgage5.22% Sellers Rate
$363,673
Your Cash$36,327
Total Purchase Price:$400,000

Assumed vs Traditional Mortgage

Assumed @ 5.22%
$2,067/mo
Traditional @ 7.5%
$2,631/mo
You save $564/month ($6,771/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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