Properties / 15942 W ADAMS Street
FHA ASSUMABLERate: 6.36%

15942 W ADAMS Street

$465,000
Goodyear, AZ 85338
3 beds2 baths2,098 sqftSingle Family
The assumable advantage
6.36%
FHA assumed rate
$90,914 interest already paid off
Estimated Loan Balance$392,051
Cash to close$74,805
Est. Monthly PITI$3,033
Initial Loan Amount$407,478
Time on site50 days
Remaining Term26 years, 6 months
Seller's equity (what you pay)
$72,949
Cash or secondary financing
Monthly savings
$189
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

VOTED #1 ON THE GOODYEAR HOME TOUR! NEW HVAC & DUCT WORK! CUL-DE-SAC LOT WITH NO NEIGHBORS BEHIND! LARGE BACKYARD WITH OUTDOOR KITCHEN, MASSIVE SIDE YARD WITH 10 FT RV GATE! Inside, vaulted ceilings, spacious floorplan and wood-look tile run throughout the entire home (NO CARPET)! A two-way fireplace separates the main living area from the flex space/formal dining. The kitchen features dual islands, a large pantry, and eat-in dining space. The split floor plan offers a private primary suite with large walk-in closet. On the other side of the home, two additional bedrooms, a full hall bath, and spacious laundry room await. Come see why this home was voted ''BEST ON TOUR''!

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 $72,949. 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 feet2,098
Property typeSingle Family
MLS #7020510
CountyMaricopa County
Assumable loanFHA
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Prefer virtual tour?
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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)
$2,553/mo
Source est. payment (PITI)
$3,033/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$72,949

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

$0$72,949
Additional funds needed$0

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