Laura Jewett

Laura Jewett

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Closed

$335,000

($253,968 down)
FHA

2992 Birmingham Court, Merced, CA 95340

3
2
1,435 sqft
PITI Monthly
$827.05 /mo

Listing courtesy of: Kenneth Anderson, Homesmart PV & Associates

Assumed Rate

4.95%
7.15%

Principal & Interest

$598 /mo
$756 /mo

What's Special

SPACIOUS
AFFORDABLE

Check Out This Lovely Affordable 1,435 Square Foot Home. Good Size Kitchen With Solid Surface Countertops That Provides Ample Room For Entertaining. Spacious Primary Bedroom With Walk In Shower. Located In The Center Of Merced, Five Minutes To The Freeway For Those Who Commute. Low Maintenance Yard And Located In A Court.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.95
Remaining Loan Term
16 years, 0 months
Monthly PITI
$827.05/mo
Estimated Loan Balance
$84,609
Cash to close
$253,968
Interest Paid
$67,601

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central, NaturalGas
Features
  • Materials: WoodSiding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Laminate, Tile

Exterior

Fencing
  • Fencing: FairCondition
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch
Materials
  • WoodSiding
  • Roof: Composition
Condition
  • Year Built: 1997
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Merced

Financial Details

  • Price per Sqft: $233.45
  • Tax Annual Amount: $
  • On Market Date: 2024-08-29T00:00:00.000Z
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 $253,968 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $253,968!

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

Loan Breakdown

Assumed Mortgage4.95% Sellers Rate
$81,032
Your Cash:$253,968
Total Purchase Price:$335,000

Assumed vs Traditional Mortgage

Assumed @ 4.95%
$598/mo
Traditional @ 7.5%
$785/mo
You save $187/month ($2,242/year)

*Secondary financing rates are an estimated value based on input

MLS ID: MC24179344

Listing From:

Last updated: 2025-01-14T01:44:46.000Z

© , 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

4.95%
7.15%

Principal & Interest

$598 /mo
$756 /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 $253,968 (76%)
You can enter any amount below - secondary financing will cover the difference if needed.
76%
$

You cover the entire equity of $253,968!

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

Loan Breakdown

Assumed Mortgage4.95% Sellers Rate
$81,032
Your Cash:$253,968
Total Purchase Price:$335,000

Assumed vs Traditional Mortgage

Assumed @ 4.95%
$598/mo
Traditional @ 7.5%
$785/mo
You save $187/month ($2,242/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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