Properties / 38759 N JONATHAN Street
FHA ASSUMABLERate: 6.5%

38759 N JONATHAN Street

$419,995
San Tan Valley, AZ 85140
4 beds3 baths2,213 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$14,781 interest already paid off
Estimated Loan Balance$302,638
Cash to close$117,641
Est. Monthly PITI$2,373
Initial Loan Amount$304,311
Time on site50 days
Remaining Term29 years, 4 months
Seller's equity (what you pay)
$117,357
Cash or secondary financing
Monthly savings
$550
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

THE SELLER WANTS TO MAKE THIS YOUR HOME! This lovingly & thoughtfully maintained Pecan Creek home features a desirable split floor plan w/ 4 bedrooms, 3 full baths, & a versatile office/den. The open-concept design brings the great room & kitchen together, creating an inviting space. The spacious kitchen features SS appliances, a gas range, center island, & abundant workspace, plus a stylishly remodeled laundry room. Enjoy a lush backyard w/ no neighbors behind & covered patio perfect for relaxing or entertaining. Conveniently located near San Tan Valley's expanding shopping, dining & recreation!

How assumption works for this home

Can I assume this FHA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.

How much cash do I actually need?

You need to cover the seller's equity of $117,357. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms4
Bathrooms3
Square feet2,213
Property typeSingle Family
MLS #7041842
CountyMaricopa County
Assumable loanFHA
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Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$1,927/mo
Source est. payment (PITI)
$2,373/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$117,357

Asking price minus remaining loan balance. Closing costs are additional.

$0$117,357
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.