Properties / 1255 S RIALTO
FHA ASSUMABLERate: 5.75%

1255 S RIALTO

$329,998
Mesa, AZ 85209
3 beds3 baths1,449 sqftSingle Family
The assumable advantage
5.75%
FHA assumed rate
$112,322 interest already paid off
Estimated Loan Balance$86,668
Cash to close$244,068
Est. Monthly PITI$1,131
Initial Loan Amount$134,238
Time on site50 days
Remaining Term12 years, 11 months
Seller's equity (what you pay)
$243,330
Cash or secondary financing
Monthly savings
$1,152
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Move in ready Mesa AZ townhome in the desirable Muirfield community just steps from the community pool! This beautifully updated home features new wood look tile flooring throughout the first floor, new interior paint throughout, a new HVAC system, new water heater, new window blinds throughout, a new garage door spring, and all appliances included. Enjoy low maintenance living with easy access to US 60, shopping, dining, golf, parks, and entertainment. Perfect for first time home buyers, those looking for a lock and leave Arizona home, a winter retreat, or an investment property. Don't miss this opportunity to own an updated Mesa home for sale in a prime East Valley location!

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 $243,330. 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
Bathrooms3
Square feet1,449
Property typeSingle Family
MLS #7054797
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)
$794/mo
Source est. payment (PITI)
$1,131/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$243,330

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

$0$243,330
Additional funds needed$0

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