Laura Jewett

Laura Jewett

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Closed

$155,000

($36,209 down)
FHA

916 Main Street, Erhard, MN 56534

3
1
1,460 sqft
PITI Monthly
$1,140.38 /mo

Listing courtesy of: , Lakes Family Real Estate/Otter Tail Real Estate

Assumed Rate

3.38%
7.15%

Principal & Interest

$728 /mo
$1,111 /mo

What's Special

FINISHED BASEMENT

Looking for some elbow room and a place where you can build equity? This may be the perfect place for you! This solid 1977 rambler is situated on almost 7 acres just east of Erhard and offers a lot of potential! Bordered by the Pelican River on the west, this home has complete main floor living, and an unfinished basement for expansion options. A 2 car attached garage and 2 other out buildings give you plenty of options for toys and more storage. Priced to sell AS-IS!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.38
Remaining Loan Term
17 years, 8 months
Monthly PITI
$1,140.38/mo
Estimated Loan Balance
$136,067
Cash to close
$36,209
Interest Paid
$59,229

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Fiber Cement
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Private Sewer, Tank with Drainage Field
  • Water Source: Submersible - 4 Inch, Private, Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Fiber Cement
  • Roof: Age Over 8 Years
Condition
  • Year Built: 1977
Details
  • Builder:

Community & HOA

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

Financial Details

  • Price per Sqft: $106.16
  • Tax Annual Amount: $1756
  • On Market Date: 2024-08-27T00:00:00.000Z
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 $36,209 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $36,209!

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

Loan Breakdown

Assumed Mortgage3.38% Sellers Rate
$118,791
Your Cash$36,209
Total Purchase Price:$155,000

Assumed vs Traditional Mortgage

Assumed @ 3.38%
$728/mo
Traditional @ 7.5%
$1,152/mo
You save $425/month ($5,096/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6588979

Listing From: northstar

Last updated: 2024-09-30T16:06:02.000Z

© , 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

3.38%
7.15%

Principal & Interest

$728 /mo
$1,111 /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 $36,209 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $36,209!

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

Loan Breakdown

Assumed Mortgage3.38% Sellers Rate
$118,791
Your Cash$36,209
Total Purchase Price:$155,000

Assumed vs Traditional Mortgage

Assumed @ 3.38%
$728/mo
Traditional @ 7.5%
$1,152/mo
You save $425/month ($5,096/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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