Assumable homes for sale in Ely, MN

1 homeFHA loansrates from 6.78% vs 7.03% today

Ely assumption guide

1756 Grant Mcmahan Boulevard, Ely, MN, 55731 — assumable FHA mortgage at 6.78%

FHA

Active

$710,000$401,539 down

Rate: 6.78%; ~~7.03%~~today
Payment: $2,060/mo; ~~$2,113~~today

3beds
3baths
1,427sqft

1756 Grant Mcmahan Boulevard, Ely

Assuming a mortgage in Ely

An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.03%), so you can see the saving before you tour.

Lowest existing rate: 6.78%
Lowest existing payment: $2,060 /mo
Median cash to assume: $401,539