FHA
Active
27$235,000$134,982 equity gap
- Rate
- 3.59%
7.40%today- Payment
- $615/mo
$938today
- 3beds
- 2baths
- 1,796sqft
Assumable homes for sale in Memphis, TN
2 homesFHA loansrates from 3.59% vs 7.40% today
Memphis assumption guide
FHA
Active
26$223,500$56,151 equity gap
- Rate
- 6.92%
7.40%today- Payment
- $1,155/mo
$1,212today
- 3beds
- 1baths
- 1,337sqft
193 N HOLLYWOOD ST, Memphis
Assuming a mortgage in Memphis
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
- 3.59%
- Lowest existing payment
- $615 /mo
- Median cash to assume
- $95,567