Georgia › DeKalb County › Decatur › 4110 Emerald Lake Dr
4110 Emerald Lake Dr, Decatur, GA 30035
For sale at $170,000 with an assumable FHA loan recorded in May 2022. Estimated rate ≈5.23%, against today's average of 7.32%.
We can't estimate the cash to assume. The loan on record for this home doesn't look like its mortgage (too small to be the main loan, or more than the asking price). Ask the listing agent for the real balance.
- ≈5.23%estimated rate
- $170,000list price
- FHAloan type
- May 2022loan recorded
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Before you call about this home: see the cash it takes to assume this loan.
The home
- Bedrooms
- 4
- Bathrooms
- 2
- Square feet
- 2,382
- Lot
- 0.26 acres (11,326 sq ft)
- Type
- House
- Year built
- 1967
- HOA
- None on record
- Flood zone
- Zone X: moderate to low risk
- Neighborhood
- Emerald Estates
- County
- DeKalb County
- On the market
- 113 days as of October 24, 2026
- Price as of
- October 24, 2026
What the low rate is worth
Every $100,000 of this loan costs about $595 a month at ≈5.23% over the 25 years left, against $687 for a new 30-year loan at 7.32%. That's about $92 a month less for each $100,000 you take over.
How much cash would this home take? Cash to assume is the price minus the seller's loan balance. It decides whether you can take over this loan, so know it before you call about the home.
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Taxes and insurance add about $262 a month: property taxes about $126 (ZIP 30035 rate, 0.89% of the price a year) and homeowners insurance about $136 (Georgia average for the price). FHA loans carry mortgage insurance of about 0.85% of the balance a year, which stays with the loan when it's assumed. Estimates; get an insurance quote and the county's tax bill before you count on them.
How this loan pays down
With about 25 years left at an estimated 5.23%, about 1 dollar in 4 of each payment already goes to paying off the loan. On a new 30-year loan at 7.32%, it's about 1 dollar in 9.
- about 11%paid off in 5 years (a new loan: 6%)
- about 25%paid off in 10 years (a new loan: 14%)
- 2052paid off, about 25 years from now
This loan, estimated 5.23% (shaded: 4.73% to 5.73%) New 30-year loan at 7.32%
See the numbers
| After | This loan still owes | New loan still owes |
|---|---|---|
| 5 years (2031) | 89% (88–90%) | 94% |
| 10 years (2036) | 75% (74–76%) | 86% |
| 15 years (2041) | 57% (55–58%) | 75% |
| 20 years (2046) | 33% (32–34%) | 58% |
| 25 years (2051) | 2% | 34% |
In brackets: if the real rate is half a point lower or higher than our estimate.
Principal and interest only; taxes, insurance, and FHA mortgage insurance are extra. The rate is estimated from the loan type and the month it was recorded, and the loan is assumed to end on its recorded maturity date. Ask the listing agent for the servicer's payoff statement before you count on these numbers.
Before you make an offer
- Ask the listing agent to confirm the loan is an FHA loan and that the seller is open to an assumption.
- Get the exact balance, rate, and payment from the seller's loan servicer. Ours are estimates from public records.
- Plan how you'll cover the seller's equity: cash, or a second loan if the servicer allows one.
- FHA loan: you qualify with the servicer much like a new loan and have to live in the home. The servicer can charge up to $1,800 plus credit report costs. FHA assumption guide.
- The servicer's approval usually takes longer than closing a new loan, so ask early.
More in how it works and what to check.
Not sure you can make this work?
Ask about this loan before you call the listing agent: how much cash you'd really need, whether a 2nd loan is likely, and what the servicer will want from you. Free, by email, no account needed.
Talk to an assumption expert Answered by Joey Thompson, who runs Find Assumables. Not a real estate agent.
Sold, or something wrong here? Tell us · Listing agent? Confirm the loan · Your home? Ask us to take it down
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All 13 homes in Decatur · DeKalb County · All of Georgia
Rates come from each loan's public records (HUD's FHA records or the lender's federal HMDA report) where we can match the loan; the rest are estimates from the average 30-year rate in the month the loan was recorded (VA loans usually came in lower; FHA loans landed on both sides). Balances are estimates: the original loan amount from public records, paid down to today. Prices are from the listing when we first found it; check the listing for the current price. Savings compare the same loan amount at today's average rate. Not a brokerage, lender, or advisor; confirm everything with the listing agent and the loan servicer.