Properties / 5540 E HARMON Circle
FHA ASSUMABLERate: 2.96%

5540 E HARMON Circle

$295,000
Mesa, AZ 85215
2 beds2 baths1,344 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$32,624 interest already paid off
Estimated Loan Balance$201,535
Cash to close$94,366
Est. Monthly PITI$1,347
Initial Loan Amount$225,834
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$93,465
Cash or secondary financing
Monthly savings
$786
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Step into comfort and convenience with this beautifully updated 2 bed, 2 bath home located in the desirable east valley community of Apache Wells. One of the best 55+ communities in the North East Valley. Recent upgrades give this home a fresh feel. The open-concept living and dining areas create a welcoming space for relaxing or entertaining. Enjoy outdoor living on the covered patio. And make good use of the storage shed just beyond the carport. This move-in ready home blends ease of maintenance with modern comfort in a friendly, well-kept neighborhood. - Interested? Temporary 1-0 BuyDown offered by preferred lender for qualified buyers. Come see this home today!

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 $93,465. 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 feet1,344
Property typeSingle Family
MLS #7051808
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)
$954/mo
Source est. payment (PITI)
$1,347/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$93,465

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

$0$93,465
Additional funds needed$0

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