Properties / 6408 S 46TH Place
FHA ASSUMABLERate: 6.81%

6408 S 46TH Place

$400,000
Phoenix, AZ 85042
3 beds2 baths1,632 sqftSingle Family
The assumable advantage
6.81%
FHA assumed rate
$71,068 interest already paid off
Estimated Loan Balance$343,316
Cash to close$57,766
Est. Monthly PITI$2,685
Initial Loan Amount$353,479
Time on site50 days
Remaining Term27 years, 1 month
Seller's equity (what you pay)
$56,684
Cash or secondary financing
Monthly savings
$42
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

RARE FIND! Tired of ''Cookie-Cutter'' homes? YOU FOUND THE ONE! Updated home w/ NO HOA! Property Updates & Features Include: New Interior Paint, New Exterior Paint, New Kitchen Flooring, LVP Flooring Downstairs, New Water Heater, New Vinyl Kitchen Slider, Dual Pane Vinyl Windows, New Chef's Faucet, Quartz Countertops & Waterfall Shower Heads in Bathrooms, New Modern Lighting & Hardware, Popcorn Ceilings Removed (Kitchen, Living Room, Laundry, Primary, & all Bathrooms), Pressed Tin Ceiling w/Victorian Chandelier in Bedroom, SteamPunk Curtain Rods, New NEST Thermostat, Prior Owner (2023) Completed $20,000 of PLUMBING UPDATES! Exterior Features Include: Covered Balcony w/ MTN VIEWS, Epoxy Coated Garage Floor & AC Window Unit. HOME QUALIFIES FOR $7500 CLOSING CREDIT- COMMUNITY LENDING PROGRAM!

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 $56,684. 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 feet1,632
Property typeSingle Family
MLS #7034630
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)
$2,317/mo
Source est. payment (PITI)
$2,685/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$56,684

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

$0$56,684
Additional funds needed$0

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