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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed
Closed

$259,500

($95,829 down)
FHA

909 8th Street, Howard Lake, MN 55349

5
2
1,961 sqft
PITI Monthly
$1,359.88 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

3.8%
7.15%

Principal & Interest

$846 /mo
$1,226 /mo
$37,505 in interest paid off

What's Special

REMODELED
LOCATION
LARGE CENTER ISLAND
OPEN CONCEPT
DINING
FIREPLACE
DECK
PATIO
Wonderful updated home in great location. Check out the huge remodeled kitchen of this amazing home. The home still has some Original Character,
but it has been updated with newer windows, roof, and steel siding. The mechanicals have been updated as well. This home features 5 generous sized
bedrooms and two bathrooms. The main floor has an open concept plan with a large kitchen and living room and dining room. The living room
features a gas fireplace. The kitchen has ample cabinets and a large center island. The upper level features three nice bedrooms and a ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.8
Remaining Loan Term
24 years, 3 months
Monthly PITI
$1,359.88/mo
Estimated Loan Balance
$178,382
Cash to close
$95,829
Interest Paid
$37,505

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 5
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air
  • Heating: Forced Air, Fireplace(s), Radiant Floor
Features
  • Materials: Metal Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Chain Link, Wood
Roof
  • Roof: Age Over 8 Years, Asphalt, Pitched
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Metal Siding
  • Roof: Age Over 8 Years, Asphalt, Pitched
Condition
  • Year Built: 1919
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Original Howard Lake
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Howard Lake

Financial Details

  • Price per Sqft: $132.33
  • Tax Annual Amount: $2824
  • On Market Date: Jun 10, 2024
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Savings Calculator

Current cash to close is $95,829 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$
0%20%50%

You cover the entire equity of $95,829!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$163,671
Your Cash$95,829
Total Purchase Price:$259,500

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$846/mo
Traditional @ 7.15%
$1,272/mo
You save $426/month ($5,112/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6551250

Listing From: northstar

Last updated: May 06, 2025 09:05am

© 2025, northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.8%
7.15%

Principal & Interest

$846 /mo
$1,226 /mo
$37,505 in interest paid off
Inquire about this property
​
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​
​
​

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $95,829 (37%)
You can enter any amount below - secondary financing will cover the difference if needed.
37%
$
0%20%50%

You cover the entire equity of $95,829!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.8% Sellers Rate
$163,671
Your Cash$95,829
Total Purchase Price:$259,500

Assumed vs Traditional Mortgage

Assumed @ 3.8%
$846/mo
Traditional @ 7.15%
$1,272/mo
You save $426/month ($5,112/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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