12
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 property information is published by Miami Luxury Homes ("MLH"); however, MLH is not responsible for the accuracy of this property information. This information is derived wholly or in part from information found on the multiple listing service ("MLS") and is provided through the Internet Data Exchange ("IDX"). As per this Site's Terms and Conditions of Use, MLH makes no representations or warranties, including those related to the completeness, accuracy, or currency of this information. MLH provides this information solely to assist User in identifying property it may be interested in purchasing. User is expressly directed to verify all information independently. All information is deemed reliable but not guaranteed. -- Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2025 by Miami Luxury Homes. All rights reserved. Listing provided by Real Broker LLC.