Rare Opportunity: FHA Assumable Mortgage at 3% – Save Potentially $223K!
Welcome to one of the largest lots in the neighborhood! This home sits on a spacious 7,795 sq ft lot—providing ample room for outdoor entertaining, gardening, or future expansion. Best of all, it's not in a flood zone, offering peace of mind and potential insurance savings.
One of the best features of this property is the current FHA assumable mortgage with an incredible 3.0% interest rate. With interest rates currently around 6.2%, this could mean huge savings for qualified buyers. Here's an ESTIMATE when comparing financing $325K (current mortgage):
Monthly Payment (P&I): $1,370 vs. $1,988 ? Save $617/month
Total Interest Paid: $169K vs. $392K ? Save $223K
More yard space and a smarter financial move
This listing is courtesy of Real Broker Llc. Property Listing Data contained within this site is the property of Miami Association of Realtors (MIAMI) MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
This listing is courtesy of Real Broker Llc. Property Listing Data contained within this site is the property of Miami Association of Realtors (MIAMI) MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.