Laura Jewett

Laura Jewett

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Closed

$489,900

($108,989 down)
FHA

5315 188th Street W, Farmington, MN 55024

5
4
3,485 sqft
PITI Monthly
$3,437.65 /mo

Listing courtesy of: , Keller Williams Integrity Realty

Assumed Rate

6.81%
7.15%

Principal & Interest

$2,510 /mo
$2,598 /mo

What's Special

Welcome home to 5315 188th, this home will wow you with all the open space and storage! Walk in to the first floor living room and you will see a wide open space with full light that will amaze you! Ample space in the kitchen with main floor laundry right off the mud room entrance. This home features three bedrooms upstairs, a main level primary bedroom with primary ensuite and walk in closet. A lower level bedroom right off the huge family room that has a walkout to the backyard. Best of all, this house is almost brand new with roof, siding and windows in the past 7 years and furnace, AC all new in the past two years. With the colder months coming up, relax in the hot tub that over looks the huge backyard with no neighbors on one side because of the home being located on a corner lot. If you need the space, this home has what you need, come and swing by soon before it's too late!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
6.81
Remaining Loan Term
28 years, 6 months
Monthly PITI
$3,437.65/mo
Estimated Loan Balance
$381,602
Cash to close
$108,989
Interest Paid
$38,995

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 4
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s)
Features
  • Materials: Vinyl Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, Living Room
  • 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
  • Vinyl Siding
  • Roof: Age 8 Years or Less, Asphalt
Condition
  • Year Built: 1993
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Silver Springs
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Farmington

Financial Details

  • Price per Sqft: $140.57
  • Tax Annual Amount: $5863
  • On Market Date: 2024-09-04T00:00:00.000Z
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 $108,989 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$

You cover the entire equity of $108,989!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$380,911
Your Cash$108,989
Total Purchase Price:$489,900

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,510/mo
Traditional @ 7.5%
$2,695/mo
You save $185/month ($2,215/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6592178

Listing From: northstar

Last updated: 2024-11-18T20:13:02.000Z

© , 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

6.81%
7.15%

Principal & Interest

$2,510 /mo
$2,598 /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 $108,989 (22%)
You can enter any amount below - secondary financing will cover the difference if needed.
22%
$

You cover the entire equity of $108,989!

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

Loan Breakdown

Assumed Mortgage6.81% Sellers Rate
$380,911
Your Cash$108,989
Total Purchase Price:$489,900

Assumed vs Traditional Mortgage

Assumed @ 6.81%
$2,510/mo
Traditional @ 7.5%
$2,695/mo
You save $185/month ($2,215/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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