Properties / 201 E MULE TRAIN Trail
FHA ASSUMABLERate: 2.98%

201 E MULE TRAIN Trail

$498,300
San Tan Valley, AZ 85143
4 beds3 baths3,194 sqftSingle Family
The assumable advantage
2.98%
FHA assumed rate
$38,157 interest already paid off
Estimated Loan Balance$239,880
Cash to close$261,055
Est. Monthly PITI$1,615
Initial Loan Amount$266,348
Time on site50 days
Remaining Term25 years
Seller's equity (what you pay)
$258,420
Cash or secondary financing
Monthly savings
$1,804
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Welcome to ''The Alt House'' This home is unlike anything you've seen in Arizona. Offering 4 bedrooms and 3 baths and 3,194 sq ft, this home makes a lasting impression with soaring ceilings, a grand staircase, and an open-concept layout ideal for both everyday living and entertaining. At the heart of the home, the designer kitchen shines with an oversized island, sleek finishes, and statement lighting--perfect for gathering and hosting. Multiple living spaces provide flexibility, including a spacious loft that can be tailored to your needs, while thoughtful upgrades are showcased throughout. Step outside to your own private backyard retreat, complete with a covered patio, built-in BBQ, and tur Arizona living. This home truly checks all the boxes and stands out from the rest!

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 $258,420. 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

Bedrooms4
Bathrooms3
Square feet3,194
Property typeSingle Family
MLS #7004185
CountyMaricopa County
Assumable loanFHA
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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
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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)
$1,135/mo
Source est. payment (PITI)
$1,615/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$258,420

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

$0$258,420
Additional funds needed$0

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