Assumable homes for sale in Morgan Hill, CA

3 homesFHA & VA loansrates from 3.05% vs 7.40% today

Morgan Hill assumption guide

16772 San Luis Way, Morgan Hill, CA, 95037 — assumable FHA mortgage at 3.05%

FHA

Active

$959,000$264,797 equity gap

Rate: 3.05%; ~~7.40%~~today
Payment: $3,303/mo; ~~$5,389~~today

3beds
3baths
1,932sqft

16772 San Luis Way, Morgan Hill

844 Black Walnut Way, Morgan Hill, CA, 95037 — assumable VA mortgage at 3.36%

Active

$2,180,000$1,140,056 equity gap

Rate: 3.36%; ~~7.40%~~today
Payment: $5,314/mo; ~~$8,337~~today

5beds
4baths
3,573sqft

844 Black Walnut Way, Morgan Hill

16835 Sorrel Way, Morgan Hill, CA, 95037 — assumable FHA mortgage at 6.27%

FHA

Active

$889,000$49,625 equity gap

Rate: 6.27%; ~~7.40%~~today
Payment: $5,399/mo; ~~$6,059~~today

3beds
2baths
1,674sqft

16835 Sorrel Way, Morgan Hill

Assuming a mortgage in Morgan Hill

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: 3.05%
Lowest existing payment: $3,303 /mo
Median cash to assume: $264,797