Laura Jewett

Laura Jewett

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$605,000

($62,827 down)
FHA

27888 Rainbow Lane, Highland, CA 92346

4
2
1,296 sqft
PITI Monthly
$4,377.9 /mo

Listing courtesy of: Olivia Casillas, BK Platinum Properties

Assumed Rate

5.52%
7.15%

Principal & Interest

$3,185 /mo
$3,780 /mo

What's Special

SHOPPING
SPRINKLER SYSTEM
SOLAR PANELS

WELCOME HOME to this Single Story salt water Pool Home with variable master pump and paid off Solar Panels, also includes a Soft water system throughout the home, yard sprinkler system and brand new carpet in the bedrooms as well as recently painted main restroom. This lovely home offers an open floor plan that is great for entertaining family and friends. The property also comes with RV parking and is close to schools, shopping, outdoor activities, and minutes from the 210 Fwy, Yamava Casino, Lake Arrowhead, Big Brat, Cresline, and other mountain communities and trails. A must See home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.52
Remaining Loan Term
27 years, 4 months
Monthly PITI
$4,377.9/mo
Estimated Loan Balance
$568,201
Cash to close
$62,827
Interest Paid
$80,925

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl, Wood

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Unknown
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: Yes
  • Pool Features: InGround, Private, SaltWater

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Unknown
Materials
  • Unknown
  • Roof: Unknown
Condition
  • Year Built: 1980
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Highland

Financial Details

  • Price per Sqft: $466.82
  • Tax Annual Amount: $7562.5
  • On Market Date: 2024-11-06T00:00:00.000Z
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.

Apply now

Savings Calculator

Current cash to close is $62,827 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $62,827!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$542,173
Your Cash$62,827
Total Purchase Price:$605,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$3,185/mo
Traditional @ 7.5%
$3,921/mo
You save $736/month ($8,834/year)

*Secondary financing rates are an estimated value based on input

MLS ID: PW24228803

Listing From:

Last updated: 2025-03-26T02:33:50.000Z

© , CRMLS. 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

5.52%
7.15%

Principal & Interest

$3,185 /mo
$3,780 /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 $62,827 (10%)
You can enter any amount below - secondary financing will cover the difference if needed.
10%
$

You cover the entire equity of $62,827!

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

Loan Breakdown

Assumed Mortgage5.52% Sellers Rate
$542,173
Your Cash$62,827
Total Purchase Price:$605,000

Assumed vs Traditional Mortgage

Assumed @ 5.52%
$3,185/mo
Traditional @ 7.5%
$3,921/mo
You save $736/month ($8,834/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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