Properties / 201 Papago Boulevard
FHA ASSUMABLERate: 6.71%

201 Papago Boulevard

$424,999
Winslow, AZ 86047
4 beds3 baths sqftSingle Family
The assumable advantage
6.71%
FHA assumed rate
$64,253 interest already paid off
Estimated Loan Balance$307,550
Cash to close$119,730
Est. Monthly PITI$2,538
Initial Loan Amount$315,832
Time on site7 days
Remaining Term27 years
Seller's equity (what you pay)
$117,449
Cash or secondary financing
Monthly savings
$448
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

This charming home offers over 1,900 sq ft on the main level with 2 bedrooms and 2 bathrooms, full of character and warmth. The spacious 1,900 sq ft basement adds 2 more bedrooms and 1 bath, perfect for guests or extended living. Located in one of Winslow's most desirable neighborhoods and just 45 minutes from Flagstaff, it combines comfort with convenience. Enjoy low-maintenance desert landscaping in the front, while the backyard features a large covered patio and plenty of space for kids to play or to create a garden. The property includes a 2-car garage with heated workshop and covered parking for two additional vehicles, two large storage sheds, and two functional fireplaces for cozy living year-round.

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 $117,449. 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
Property typeSingle Family
MLS #203027
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)
$2,058/mo
Source est. payment (PITI)
$2,538/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$117,449

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

$0$117,449
Additional funds needed$0

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