VA
Active
45$475,000$18,829 equity gap
- Rate
- 7.23%
7.40%today- Payment
- $3,200/mo
$3,254today
- 2beds
- 1baths
- 924sqft
Assumable homes for sale in Michigan
2 homesVA loansrates from 6.50% vs 7.40% today
Michigan assumption guide
VA
Active
69$380,000$54,576 equity gap
- Rate
- 6.50%
7.40%today- Payment
- $2,072/mo
$2,270today
- 3beds
- 3baths
- 3,960sqft
35261 7th Street, Independence
Assuming a mortgage in Michigan
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
- 6.50%
- Lowest existing payment
- $2,072 /mo
- Median cash to assume
- $36,703