Laura Jewett

Laura Jewett

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Closed

$211,000

($70,483 down)
FHA

303 Fergus Avenue, Henning, MN 56551

4
2
2,597 sqft
PITI Monthly
$1,060.5 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

2.83%
7.15%

Principal & Interest

$634 /mo
$1,038 /mo

What's Special

DINING
SPACIOUS
BREAKFAST NOOK
FIREPLACE

Large 4-bedroom 2 bathroom home with office space located close to the school and downtown Henning. Step inside to see the abundance of natural light and the impressive 9-foot ceilings. Beautiful woodwork throughout the main floor and staircase. Large kitchen with breakfast nook area, full dining room and spacious living area with a fireplace. Lower level includes a family room, office space, full bathroom, and a kitchenette area with laundry. This home is on a large corner lot and includes a spacious 2 car garage. All this and a brand-new roof. Schedule your showing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.83
Remaining Loan Term
25 years, 9 months
Monthly PITI
$1,060.5/mo
Estimated Loan Balance
$151,260
Cash to close
$70,483
Interest Paid
$17,637

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Baseboard, Forced Air
Features
  • Materials: Steel Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age 8 Years or Less, Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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
  • Steel Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1915
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Henning
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Henning

Financial Details

  • Price per Sqft: $81.25
  • Tax Annual Amount: $2012
  • On Market Date: 2024-10-22T00:00:00.000Z
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 $70,483 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $70,483!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$140,517
Your Cash$70,483
Total Purchase Price:$211,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$634/mo
Traditional @ 7.5%
$1,077/mo
You save $443/month ($5,313/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6621156

Listing From: northstar

Last updated: 2025-03-31T18:42:03.000Z

© , 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

2.83%
7.15%

Principal & Interest

$634 /mo
$1,038 /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 $70,483 (33%)
You can enter any amount below - secondary financing will cover the difference if needed.
33%
$

You cover the entire equity of $70,483!

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

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$140,517
Your Cash$70,483
Total Purchase Price:$211,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$634/mo
Traditional @ 7.5%
$1,077/mo
You save $443/month ($5,313/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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