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Assumable homes for sale in Lake City, MN

3 homesFHA loansrates from 5.30% vs 7.18% today

Lake City assumption guide
808 Garden Street, Lake City, MN, 55041 — assumable FHA mortgage at 5.30%
FHA
Active
23
$246,000$7,263 equity gap
Rate
5.30%
7.18%today
Payment
$1,418/mo
$1,729today
  • 3beds
  • 3baths
  • 1,214sqft

808 Garden Street, Lake City

809 Prairie Street, Lake City, MN, 55041 — assumable FHA mortgage at 6.95%
FHA
Active
42
$419,000$14,617 equity gap
Rate
6.95%
7.18%today
Payment
$2,719/mo
$2,783today
  • 4beds
  • 3baths
  • 2,128sqft

809 Prairie Street, Lake City

702 6th Street, Lake City, MN, 55041 — assumable FHA mortgage at 6.13%
FHA
Active
44
$279,900$199,625 equity gap
Rate
6.13%
7.18%today
Payment
$808/mo
$900today
  • 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 7.18%), so you can see the saving before you tour.

Lowest existing rate
5.30%
Lowest existing payment
$808/mo
Median cash to assume
$14,617
Equal Housing Opportunity

UMe 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.

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