FHA
Active
74$479,000$269,736 equity gap
- Rate
- 3.42%
7.40%today- Payment
- $1,205/mo
$1,877today
- 5beds
- 3baths
- 3,529sqft
Assumable homes for sale in Detroit Lakes, MN
4 homesFHA & VA loansrates from 3.42% vs 7.40% today
Detroit Lakes assumption guide
FHA
Active
18$179,000$8,964 equity gap
- Rate
- 6.43%
7.40%today- Payment
- $1,108/mo
$1,223today
- 2beds
- 2baths
- 984sqft
1126 Linden Lane, Detroit Lakes
VA
Active
39$419,900$42,674 equity gap
- Rate
- 6.18%
7.40%today- Payment
- $2,380/mo
$2,682today
- 2beds
- 2baths
- 1,705sqft
1815 Bridgeview Boulevard, Detroit Lakes
VA
Active
43$359,900$55,056 equity gap
- Rate
- 6.92%
7.40%today- Payment
- $2,056/mo
$2,157today
- 3beds
- 3baths
- 3,212sqft
331 Willow Street, Detroit Lakes
Assuming a mortgage in Detroit Lakes
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 7.40%), so you can see the saving before you tour.
- Lowest existing rate
- 3.42%
- Lowest existing payment
- $1,108 /mo
- Median cash to assume
- $48,865