Laura Jewett

Laura Jewett

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Closed

$450,000

($274,182 down)
FHA

687 Fashion Way, Banning, CA 92220

3
2
1,044 sqft
PITI Monthly
$1,121.05 /mo

Listing courtesy of: LITO HERNANDEZ, Century 21 Masters

Assumed Rate

3.66%
7.15%

Principal & Interest

$841 /mo
$1,240 /mo

What's Special

REMODELED
SPACIOUS
STAINLESS STEEL APPLIANCES
MASTER SUITE
MOUNTAIN VIEWS
NO HOA
AFFORDABLE

Amazing new home in the city of Banning. It features 3 large bedrooms, 2 updated bathrooms, and high vaulted living room ceilings that create an airy, spacious feel. Enjoy NO HOA or Mello-Roos and a generous lot of nearly 7,000 sqft. This residence is a move-in-ready family home located in a well-established, affordable neighborhood in Banning, just below the 10 Freeway. The home includes central A/C and Heating, a beautifully freshly painted and updated kitchen with cabinets, stainless steel appliances, black granite counter-tops, and tile flooring. The interior is freshly painted, with updated tile, ceiling fans, and carpet in the bedrooms and updated tile in the master suite. The remodeled bathrooms boast new vanities, tiles, and fixtures, and the master suite features its own updated walk in shower. Additional highlights include stunning curb appeal, beautiful mountain views, and a spacious backyard perfect for entertaining, BBQs, or relaxation. The backyard features extensive concrete work and is fully fenced for added privacy. Conveniently walking distance near schools, grocery stores, Cabazon Outlets, and just a short drive to Palm Springs and Idyllwild. Don’t miss this opportunity

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.66
Remaining Loan Term
21 years, 0 months
Monthly PITI
$1,121.05/mo
Estimated Loan Balance
$151,197
Cash to close
$274,182
Interest Paid
$54,951

Facts & Features

Interior

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

Exterior

Fencing
  • Fencing: Vinyl
Roof
  • Roof: Shingle
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: Modern
Materials
  • Unknown
  • Roof: Shingle
Condition
  • Year Built: 1980
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Curbs, Mountainous, StreetLights, Sidewalks
HOA
  • Has HOA: No
Location
  • Region: Banning

Financial Details

  • Price per Sqft: $431.03
  • Tax Annual Amount: $
  • On Market Date: 2024-08-21T00:00:00.000Z
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 $274,182 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $274,182!

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

Loan Breakdown

Assumed Mortgage3.66% Sellers Rate
$175,818
Your Cash:$274,182
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 3.66%
$841/mo
Traditional @ 7.5%
$1,286/mo
You save $445/month ($5,344/year)

*Secondary financing rates are an estimated value based on input

MLS ID: IV24171026

Listing From:

Last updated: 2024-12-05T04:35:45.000Z

© , 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

3.66%
7.15%

Principal & Interest

$841 /mo
$1,240 /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 $274,182 (61%)
You can enter any amount below - secondary financing will cover the difference if needed.
61%
$

You cover the entire equity of $274,182!

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

Loan Breakdown

Assumed Mortgage3.66% Sellers Rate
$175,818
Your Cash:$274,182
Total Purchase Price:$450,000

Assumed vs Traditional Mortgage

Assumed @ 3.66%
$841/mo
Traditional @ 7.5%
$1,286/mo
You save $445/month ($5,344/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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