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Assumable homes for sale in Babbitt, MN

2 homesFHA loansrates from 3.16% vs 7.40% today

Babbitt assumption guide
105 Central Boulevard, Babbitt, MN, 55706 — assumable FHA mortgage at 3.16%
FHA
Active
50
$275,000$232,380 equity gap
Rate
3.16%
7.40%today
Payment
$469/mo
$619today
  • —beds
  • —baths
  • 5,184sqft

105 Central Boulevard, Babbitt

12 Linney Street, Babbitt, MN, 55706 — assumable FHA mortgage at 3.69%
FHA
Active
67
$425,000$218,921 equity gap
Rate
3.69%
7.40%today
Payment
$1,038/mo
$1,564today
  • 8beds
  • 4baths
  • 3,460sqft

12 Linney Street, Babbitt

Assuming a mortgage in Babbitt

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
3.16%
Lowest existing payment
$469 /mo
Median cash to assume
$225,651
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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