Properties / 7780 N 57TH Drive
FHA ASSUMABLERate: 3.45%

7780 N 57TH Drive

$342,000
Glendale, AZ 85301
3 beds2 baths1,268 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$53,178 interest already paid off
Estimated Loan Balance$327,183
Cash to close$16,136
Est. Monthly PITI$2,104
Initial Loan Amount$358,388
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$14,817
Cash or secondary financing
Monthly savings
$408
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Short Sale Opportunity! Don't miss this amazing chance to own a West Valley gem just minutes from ASU West! This charming single-story home in the desirable Palm Terrace community offers great value and curb appeal with low-maintenance landscaping. Inside, enjoy vaulted ceilings, a neutral color palette, and stylish wood-look flooring. The updated eat-in kitchen features gray cabinetry, stainless steel appliances, granite countertops, a pantry, and a large island with a breakfast bar perfect for entertaining. The backyard is built for relaxation with a covered patio, pavers, and lush synthetic grass. Plus, the community playground is right across the street, ideal for families and outdoor fun!

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 $14,817. 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

Bedrooms3
Bathrooms2
Square feet1,268
Property typeSingle Family
MLS #7056918
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)
$1,609/mo
Source est. payment (PITI)
$2,104/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$14,817

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

$0$14,817
Additional funds needed$0

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