Laura Jewett

Laura Jewett

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Closed

$319,900

($23,483 down)
FHA

404 Terning Way, Howard Lake, MN 55349

3
2
2,100 sqft
PITI Monthly
$2,400.64 /mo

Listing courtesy of: , Reliance Realty Advisers, LLC

Assumed Rate

5.23%
7.15%

Principal & Interest

$1,693 /mo
$2,076 /mo

What's Special

SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
FINISHED BASEMENT

Welcome to your dream home! This beautifully updated property offers everything you need for comfortable and stylish living. Featuring three spacious bedrooms on one level, including a luxurious primary suite with a private bath, this setup is perfect for those who value easy access and privacy. The home is adorned with modern finishes throughout, from sleek flooring to elegant light fixtures, creating a harmonious and inviting ambiance. The kitchen boasts stainless steel appliances, making meal prep a joy and sure to impress whether you're an experienced chef or love to entertain. Additionally, the expansive unfinished basement offers an incredible opportunity to build instant equity. This blank canvas is waiting for your personal touch, allowing you to significantly increase your living space and home value.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.23
Remaining Loan Term
27 years, 3 months
Monthly PITI
$2,400.64/mo
Estimated Loan Balance
$297,215
Cash to close
$23,483
Interest Paid
$43,350

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Vinyl Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Age 8 Years or Less, Asphalt
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, Asphalt
Condition
  • Year Built: 2019
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Terning Trails 2
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Howard Lake

Financial Details

  • Price per Sqft: $152.33
  • Tax Annual Amount: $4076
  • On Market Date: 2024-11-15T00:00:00.000Z
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 $23,483 (7%)
You can enter any amount below - secondary financing will cover the difference if needed.
7%
$

You cover the entire equity of $23,483!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$296,417
Your Cash$23,483
Total Purchase Price:$319,900

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$1,693/mo
Traditional @ 7.5%
$2,153/mo
You save $460/month ($5,518/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6631915

Listing From: northstar

Last updated: 2024-11-16T11:06:02.000Z

© , 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

5.23%
7.15%

Principal & Interest

$1,693 /mo
$2,076 /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 $23,483 (7%)
You can enter any amount below - secondary financing will cover the difference if needed.
7%
$

You cover the entire equity of $23,483!

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

Loan Breakdown

Assumed Mortgage5.23% Sellers Rate
$296,417
Your Cash$23,483
Total Purchase Price:$319,900

Assumed vs Traditional Mortgage

Assumed @ 5.23%
$1,693/mo
Traditional @ 7.5%
$2,153/mo
You save $460/month ($5,518/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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