Properties / 14804 N EL FRIO Street
FHA ASSUMABLERate: 2.93%

14804 N EL FRIO Street

$375,000
El Mirage, AZ 85335
4 beds2 baths1,642 sqftSingle Family
The assumable advantage
2.93%
FHA assumed rate
$39,423 interest already paid off
Estimated Loan Balance$249,180
Cash to close$125,820
Est. Monthly PITI$1,608
Initial Loan Amount$280,000
Time on site15 days
Remaining Term25 years
Seller's equity (what you pay)
$125,820
Cash or secondary financing
Monthly savings
$1,038
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Don't miss this chance to own this charming single-level home in Thompson Ranch! Nestled on a corner lot, offering 4 beds, 2 baths, a 2-car garage, and mature landscaping. Discover a seamlessly flowing open layout, perfect for everyday living and entertaining! Vaulted ceilings add to the airy feel, complemented by tons of natural light, a two-tone palette, and tile & wood-look flooring throughout. The eat-in kitchen boasts SS appliances, ample wood cabinetry, an island w/breakfast bar, and sliding doors to the back. The primary bedroom has a walk-in closet and a full bathroom with dual sinks. Tranquility awaits in the private backyard! A covered patio & artificial turf complete the picture. Easy access to the US-60 and close to schools, dining options, shops, and more. Make this gem yours!

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 $125,820. 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
Bathrooms2
Square feet1,642
Property typeSingle Family
MLS #7071892
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)
$1,173/mo
Source est. payment (PITI)
$1,608/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$125,820

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

$0$125,820
Additional funds needed$0

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