Dan Kaercher

Dan Kaercher

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Closed

$500,000

($86,526 down)
FHA

624 Somerset Way, Patterson, CA 95363

3
2
1,455 sqft
PITI Monthly
$2,900.45 /mo

Listing courtesy of: Martha Madera, Nu Level Realty, Inc.

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,889 /mo
$2,988 /mo

What's Special

SPACIOUS
GRANITE COUNTERTOPS
SOLAR PANELS

Welcome to the Patterson Ranch community! This home offers 1,455 sq. ft. of living space on a 5,541 sq. ft. lot and was built in 2021. It features three spacious bedrooms and two full bathrooms, along with a beautiful kitchen equipped with granite countertops, ample cabinetry, a central island, and a pantry overlooking the living area, separate laundry room and two car garage. Enjoy a good-sized backyard with no rear neighborsa perfect space to personalize, let kids play, or entertain guests. Conveniently located within walking distance to an elementary school and near a neighborhood park. Offers quick access to I-5 and Highway 99, making it ideal for commuters. Leased solar panels with a low monthly payment help keep energy costs down. Come see this wonderful home in a fantastic neighborhooddont miss this opportunity!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.1
Remaining Loan Term
26 years, 10 months
Monthly PITI
$2,900.45/mo
Estimated Loan Balance
$430,404
Cash to close
$86,526
Interest Paid
$42,032

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stone
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Ranch
Materials
  • Stone
  • Roof: Tile
Condition
  • Year Built: 2021
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Patterson

Financial Details

  • Price per Sqft: $343.64
  • Tax Annual Amount: $6250
  • On Market Date: 2025-03-06T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $86,526 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $86,526!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$413,474
Your Cash$86,526
Total Purchase Price:$500,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,889/mo
Traditional @ 7.5%
$3,099/mo
You save $1,210/month ($14,523/year)

*Secondary financing rates are an estimated value based on input

MLS ID: ML81996881

Listing From:

Last updated: 2025-03-09T18:31:43.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.1%
7.15%

Principal & Interest

$1,889 /mo
$2,988 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $86,526 (17%)
You can enter any amount below - secondary financing will cover the difference if needed.
17%
$

You cover the entire equity of $86,526!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.1% Sellers Rate
$413,474
Your Cash$86,526
Total Purchase Price:$500,000

Assumed vs Traditional Mortgage

Assumed @ 3.1%
$1,889/mo
Traditional @ 7.5%
$3,099/mo
You save $1,210/month ($14,523/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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