Properties / 3345 E UNIVERSITY Drive
FHA ASSUMABLERate: 3.62%

3345 E UNIVERSITY Drive

$285,000
Mesa, AZ 85213
2 beds2 baths928 sqftSingle Family
The assumable advantage
3.62%
FHA assumed rate
$38,098 interest already paid off
Estimated Loan Balance$151,604
Cash to close$134,727
Est. Monthly PITI$1,138
Initial Loan Amount$173,008
Time on site50 days
Remaining Term23 years, 7 months
Seller's equity (what you pay)
$133,396
Cash or secondary financing
Monthly savings
$884
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Completely Remodeled Las Alegres 55+ Exquisite Townhome. 2 Bedrooms, 2 Bathrooms, Next to Club House/Pool. ALL NEW Kitchen: Raised Ceilings, 42'' Cabinets, Quartz Countertops, Farm Sink, Windows, Lighting. Living Room: Windows/Sliders, Ceiling Fans, Flooring ThruOut. Bathrooms: Tiled Shower, Vanity/Cabinets, Quartz Countertops. Bedrooms: Built In Blinds in Sliders, Plantation Shutters. Exterior: Paint House, Trim. Roof Recoated. Entire Home: Plank Wood Flooring, 6in Base Boards, Can Lights. Club House: Pool, Kitchen, Dining Room, Gym and Library. HOA includes water, sewer, trash. Make it Your New Home

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 $133,396. 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

Bedrooms2
Bathrooms2
Square feet928
Property typeSingle Family
MLS #7032726
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)
$797/mo
Source est. payment (PITI)
$1,138/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$133,396

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

$0$133,396
Additional funds needed$0

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