The Assumable Guy · Oregon

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The Assumable Guy
in partnership with Jason Mitchell Group
Jason Mitchell GroupFirm License 201259036Jason Cadwell, OR License 200101048
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40 photos · RMLS™ Media

$499,900
RMLS statusActive
10426 SE LINCOLN CT
Portland, OR 97216 · Multnomah County
Property details · RMLS™ data · RMLS #184510143
Beds3
Baths2.1
Sq ft2,809
Year built1956
HOANo
Loan typeVA
Green verification · RMLS™ data
Assumable loan data
$109less per month
$190/mo assumed vs $299/mo at 6.9% market
Assumable rate (VA)2.93%
Assumable balance$45,387
Equity gap$454,513
Est. savings over 30 years$39,240
$3,193
per month, total
$24,995
cash you bring

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$24,995
$24,995$454,513
Second loan$429,518
%
Blended rate7.06% vs 6.9%
Source: public records (county), estimated. Not from RMLS and not MLS data. Loan terms are estimates pending lender and servicer verification. Payments shown are principal and interest only, exclude taxes, insurance, HOA dues and closing costs, and are not a loan offer, quote, or approval. The second-loan rate is an editable assumption, not a quoted rate.
Listing courtesy of Keller Williams PDX Central · 503-548-4848
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