Assumable homes for sale in Park Rapids, MN

3 homesFHA loansrates from 2.90% vs 7.32% today

Park Rapids assumption guide

910 Pine Street, Park Rapids, MN, 56470 — assumable FHA mortgage at 2.90%

FHA

Active

$324,900$153,123 equity gap

Rate: 2.90%; ~~7.32%~~today
Payment: $800/mo; ~~$1,321~~today

3beds
3baths
2,037sqft

910 Pine Street, Park Rapids

15603 Explorer Circle, Park Rapids, MN, 56470 — assumable FHA mortgage at 3.25%

FHA

Active

$152,500$99,632 equity gap

Rate: 3.25%; ~~7.32%~~today
Payment: $341/mo; ~~$539~~today

3beds
2baths
1,404sqft

15603 Explorer Circle, Park Rapids

13062 230th Street, Park Rapids, MN, 56470 — assumable FHA mortgage at 6.47%

FHA

Active

$649,000$141,285 equity gap

Rate: 6.47%; ~~7.32%~~today
Payment: $3,268/mo; ~~$3,563~~today

4beds
3baths
3,902sqft

13062 230th Street, Park Rapids

Assuming a mortgage in Park Rapids

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 7.32%), so you can see the saving before you tour.

Lowest existing rate: 2.90%
Lowest existing payment: $341 /mo
Median cash to assume: $141,285