VA
Active
30$287,000$46,963 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $1,118/mo
$1,865today
- 2beds
- 2baths
- 1,347sqft
Shakopee, Minnesota
Assumable homes for salein Shakopee, Minnesota.
19 homes in Shakopee carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.96%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Shakopee assumable market
by the numbers.
19active assumable listings
2.96%lowest locked rate
$322kmedian list price
$440saved per month vs. 7.2%
About the market
Assumable mortgagesin Shakopee, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Shakopee. Updated October 2026.
How assumptions work for buyersShakopee, Minnesota has 19 homes for sale with an assumable mortgage as of October 2026: 16 FHA loans and 3 VA loans that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Shakopee assumable listings start at 2.96% with a median of 4.72%; 7 listings are under 4% and 13 are under 5%.
The median assumable home in Shakopee lists for $321,999, with a median of $153,005 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $1,291 a month versus $1,730 for the same balance at today's rate, roughly $440 kept every month and $5,277 a year. The most active Shakopee ZIP codes are 55379 (19).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Shakopee assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Shakopee
View all 19 on the map Homes on the marketin Shakopee.
FHA
Active
20$430,000$70,948 equity gap
- Rate
- 2.96%
7.40%today- Payment
- $1,703/mo
$2,811today
- 4beds
- 3baths
- 2,344sqft
2044 Pheasant Run Street, Shakopee
FHA
Active
32$330,000$98,229 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $1,108/mo
$1,847today
- 3beds
- 2baths
- 1,845sqft
16551 Franklin Trail, Prior Lake
FHA
Active
39$250,000$62,986 equity gap
- Rate
- 3.07%
7.40%today- Payment
- $918/mo
$1,495today
- 3beds
- 2baths
- 1,704sqft
305 Chatum Lane, Jordan
FHA
Active
39$335,000$79,062 equity gap
- Rate
- 3.09%
7.40%today- Payment
- $1,239/mo
$2,012today
- 3beds
- 3baths
- 1,652sqft
1948 Commonwealth Boulevard #7, Chanhassen
FHA
Active
19$169,900$51,040 equity gap
- Rate
- 3.31%
7.40%today- Payment
- $603/mo
$952today
- 2beds
- 2baths
- 1,180sqft
10211 Cedar Lake Road #204, Minnetonka
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Inventory snapshot
What’s in the mixin Shakopee.
Live counts from the MLS feeds we index for Minnesota. Updated October 2026.
- Active listings
- 19
- UMe Certified / verified
- 0
- Lowest rate
- 2.96%
- Median rate
- 4.72%
- Median list price
- $321,999
- Median cash to assume
- $153,005
Shakopee listings by locked rate
- Under 4%7 homes
- 4% – 5%6 homes
- 5% – 6%1 home
- 6% and up5 homes
Shakopee listings by loan type
- FHA16 homesmedian 4.42%
- VA3 homesmedian 6.60%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Shakopee ZIP code.
Each ZIP opens the Shakopee map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Shakopee numbers
What an assumable ratedoes to a Shakopee payment.
The sliders start at the median Shakopee assumable listing: $321,999 list price and a 4.72% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$150,000
47% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Shakopee
$945/mo
New loan at 7.20%$1,154
Assumed at 4.70%
$945
Every month$209
Over five years$12,542
Interest you never pay$120,60826-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Shakopee listing on UMe shows the actual balance, rate, and payment.
How it works in Shakopee
How to assumea mortgage in Shakopee.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Shakopee home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Shakopee map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $153,005 in Shakopee today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Shakopee payment written in a different decade.
Shakopee questions
Assuming a mortgagein Shakopee.
The numbers below come from current Shakopee inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Shakopee?
As of October 2026, UMe tracks 19 active assumable listings in Shakopee. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Shakopee?
Current Shakopee inventory breaks down as FHA (16, median 4.42%) and VA (3, median 6.60%). FHA, VA, and USDA mortgages are assumable by law, which is why they make up nearly all assumable listings. Conventional loans usually carry a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan, though the seller's entitlement stays tied up unless you substitute your own.
What is the lowest assumable mortgage rate in Shakopee?
The lowest rate on an active Shakopee assumable listing is 2.96%, and the median across all 19 listings is 4.72%. 7 listings are under 4% and 13 are under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Shakopee?
Across current Shakopee listings, the median principal-and-interest payment on the assumable loan is $1,291 per month versus $1,730 for the same balance at today's rates, a difference of about $440 every month, or $5,277 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.
How much money do I need to assume a home in Shakopee?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Shakopee that gap is currently a median of $153,005 on a median list price of $321,999. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which Shakopee ZIP codes have the most assumable homes?
The Shakopee ZIP codes with the most active assumable listings are 55379 (19). Use the map to draw your own boundary or filter by rate, payment, and down payment inside any of them.
How long does a mortgage assumption take in Shakopee?
Most FHA and VA assumptions close in 45 to 90 days. The loan servicer, not a new lender, underwrites you, and servicer turnaround is the main variable. UMe tracks the file with the servicer and the listing agent so nothing stalls, and every listing shows whether the assumption has already been confirmed with the seller's side.
Nearby markets
All of Minnesota More assumable homesin Minnesota.
Ready when you are
Stop overpaying for Shakopee.The rate is already on the house.
Every listing on the Shakopee map has a rate you can take over. Start with the ones in Shakopee, get pre-qualified in minutes, and let UMe carry the assumption to closing.