Erik Peterson

Erik Peterson

Assumable homes for sale in Lake City, MN

5 homesFHA loansrates from 5.25% vs 7.03% today

Lake City assumption guide
808 Garden Street, Lake City, MN, 55041 — assumable FHA mortgage at 5.30%
FHA
Active
36
$260,000$20,902 down
Rate
5.30%
7.03%today
Payment
$1,418/mo
$1,704today
  • 3beds
  • 2baths
  • 1,214sqft

808 Garden Street, Lake City

1000 Lyon Avenue, Lake City, MN, 55041 — assumable FHA mortgage at 6.58%
FHA
Active
29
$296,900$35,006 down
Rate
6.58%
7.03%today
Payment
$1,685/mo
$1,764today
  • 3beds
  • 3baths
  • 1,764sqft

1000 Lyon Avenue, Lake City

809 Prairie Street, Lake City, MN, 55041 — assumable FHA mortgage at 6.95%
FHA
Active
42
$419,000$13,869 down
Rate
6.95%
7.03%today
Payment
$2,719/mo
$2,741today
  • 4beds
  • 3baths
  • 2,128sqft

809 Prairie Street, Lake City

506 7th Street, Lake City, MN, 55041 — assumable FHA mortgage at 5.25%
FHA
Active
28
$229,900$46,723 down
Rate
5.25%
7.03%today
Payment
$1,079/mo
$1,304today
  • 2beds
  • 1baths
  • 1,127sqft

506 7th Street, Lake City

702 6th Street, Lake City, MN, 55041 — assumable FHA mortgage at 6.13%
FHA
Active
44
$284,900$203,835 down
Rate
6.13%
7.03%today
Payment
$808/mo
$887today
  • 3beds
  • 2baths
  • 1,648sqft

702 6th Street, Lake City

Assuming a mortgage in Lake City

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
5.25%
Lowest existing payment
$808 /mo
Median cash to assume
$35,006
Erik Peterson

Erik Peterson

Realtor License: #9328

Proven Realty

erik@provenrealtynd.com+14065446489Proven Realty logo
Equal Housing Opportunity

Proven Realty is committed to and abides by the Fair Housing Act and Equal Opportunity. Listing data is refreshed daily from participating MLS feeds; existing loan terms are estimates until verified with the servicer.