Properties / 3215 E RUSSELL Street
FHA ASSUMABLERate: 3.52%

3215 E RUSSELL Street

$490,000
Mesa, AZ 85213
3 beds2 baths1,695 sqftSingle Family
The assumable advantage
3.52%
FHA assumed rate
$77,098 interest already paid off
Estimated Loan Balance$196,066
Cash to close$293,384
Est. Monthly PITI$1,634
Initial Loan Amount$250,189
Time on site1 day
Remaining Term20 years, 4 months
Seller's equity (what you pay)
$293,934
Cash or secondary financing
Monthly savings
$1,764
Versus today's market rate
Est. savings per year
$21K
Versus today's market rate

About this home

This is a home you'll love coming back to! Meticulously maintained 3 bedroom, 2 bath home located in the desirable Lehi Crossing gated community. The living room flows seamlessly into the dining area and kitchen, creating an inviting space for cooking, gathering, and everyday living. The kitchen features granite countertops, stainless steel appliances, and an island w/ a breakfast bar. A separate office keeps work or hobbies out of the main living areas. The primary suite includes dual sinks, a walk-in shower, and a walk-in closet. Outside, enjoy a pergola w/ string lights, paved seating areas, low-maintenance turf, no rear neighbors, and an above-ground spa, perfect for relaxation. A 2-car garage w/ epoxy flooring adds parking and storage, with shopping, dining, parks, & Loop 202 nearby.

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 $293,934. 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 feet1,695
Property typeSingle Family
MLS #7077734
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)
$1,126/mo
Source est. payment (PITI)
$1,634/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$293,934

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

$0$293,934
Additional funds needed$0

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