Properties / 445 N 111TH Way
FHA ASSUMABLERate: 6.72%

445 N 111TH Way

$515,000
Mesa, AZ 85207
4 beds2 baths2,340 sqftSingle Family
The assumable advantage
6.72%
FHA assumed rate
$31,988 interest already paid off
Estimated Loan Balance$437,404
Cash to close$77,596
Est. Monthly PITI$3,308
Initial Loan Amount$441,732
Time on site12 days
Remaining Term29 years
Seller's equity (what you pay)
$77,596
Cash or secondary financing
Monthly savings
$178
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome to this beautifully refreshed 4 bedroom, 2 bath Mesa home! Packed with valuable updates, this property offers comfort, functionality, and peace of mind. A new roof was installed in July 2026 and includes a 50 year transferable warranty. The entire interior and exterior were freshly painted in August 2026, giving the home a clean, updated feel. The property also features a larger complete septic system installed in 2023. The detached shed has been thoughtfully converted into an insulated, painted outdoor office or flex space with electrical, completed August 2026. Perfect for a home office, studio, hobby room, or extra space. Landscaping is currently being completed. Don't miss this move in ready Mesa gem!

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 $77,596. 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
Bathrooms2
Square feet2,340
Property typeSingle Family
MLS #7073304
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)
$2,859/mo
Source est. payment (PITI)
$3,308/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$77,596

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

$0$77,596
Additional funds needed$0

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