Properties / 1677 E KINGMAN Place
FHA ASSUMABLERate: 2.98%

1677 E KINGMAN Place

$334,900
Casa Grande, AZ 85122
3 beds2 baths1,896 sqftSingle Family
The assumable advantage
2.98%
FHA assumed rate
$39,378 interest already paid off
Estimated Loan Balance$244,285
Cash to close$90,067
Est. Monthly PITI$1,656
Initial Loan Amount$274,867
Time on site2 days
Remaining Term25 years
Seller's equity (what you pay)
$90,615
Cash or secondary financing
Monthly savings
$819
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Built in 2021 by Gehan Homes, this beautifully designed single-story home blends modern style with comfortable everyday living. The open-concept floor plan features 3 bedrooms, 2 bathrooms and a versatile flex space perfect for a home office, or an additional living area. At the heart of the home, the spacious kitchen offers granite countertops, a center island and an easy flow into the main living and dining areas--ideal for both entertaining and everyday life. Step outside to relax beneath the covered patio or enjoy sunny Arizona days in your private backyard pool. Situated on a desirable corner lot in centrally located Monterra Village, this home offers convenient access to shopping, dining, schools and everyday amenities.

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 $90,615. 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 feet1,896
Property typeSingle Family
MLS #7074300
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,156/mo
Source est. payment (PITI)
$1,656/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$90,615

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

$0$90,615
Additional funds needed$0

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