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Assumable homes for sale in Monterey, TN

4 homesFHA & VA loansrates from 4.40% vs 7.40% today

Monterey assumption guide
5697 Rocky Point Rd, Cookeville, TN, 38506 — assumable FHA mortgage at 4.40%
FHA
Active
35
$850,000$604,185 equity gap
Rate
4.40%
7.40%today
Payment
$1,475/mo
$2,040today
  • 3beds
  • 4baths
  • 3,600sqft

5697 Rocky Point Rd, Cookeville

10106 Spring Creek Rd, Cookeville, TN, 38506 — assumable VA mortgage at 6.35%
VA
Active
13
$250,000$37,824 equity gap
Rate
6.35%
7.40%today
Payment
$1,376/mo
$1,531today
  • 3beds
  • 2baths
  • 1,654sqft

10106 Spring Creek Rd, Cookeville

915 Brotherton Dr, Cookeville, TN, 38506 — assumable VA mortgage at 5.30%
VA
Active
47
$799,900$295,141 equity gap
Rate
5.30%
7.40%today
Payment
$2,993/mo
$3,732today
  • 5beds
  • 5baths
  • 4,142sqft

915 Brotherton Dr, Cookeville

1072 Belmont Drive, Monterey, TN, 38574 — assumable FHA mortgage at 6.67%
FHA
Active
41
$489,900$328,026 equity gap
Rate
6.67%
7.40%today
Payment
$1,080/mo
$1,162today
  • 3beds
  • 2baths
  • 2,128sqft

1072 Belmont Drive, Monterey

Assuming a mortgage in Monterey

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
4.40%
Lowest existing payment
$1,080 /mo
Median cash to assume
$311,584
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Beaston Group

Equal Housing Opportunity

Beaston Group 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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