Properties / 24037 N 163RD Drive
FHA ASSUMABLERate: 6.82%

24037 N 163RD Drive

$558,000
Surprise, AZ 85387
4 beds4 baths2,810 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$66,226 interest already paid off
Estimated Loan Balance$412,482
Cash to close$146,748
Est. Monthly PITI$3,290
Initial Loan Amount$421,245
Time on site50 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$145,518
Cash or secondary financing
Monthly savings
$528
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Resort living in this stunning 2-story 2810sqft home with a refreshing pool nestled on an oversized lot located in the growing community of Asante! 2 spacious primary suites with full bathrooms and walk in closets, 2 addtl bedrooms have an adjoining bathroom with separate vanities, luxury vinyl flooring, granite countertops, SS appliances, maple cabinets, flexible floor plan with multiple living/dining areas, extended garage with built in cabinets, epoxy flooring, extra pavers on driveway for addtl parking and solar panels. Dream backyard includes a sparkling pool with baja seating/water features, pavers, artificial grass, covered patio and gazebo for relaxing/entertaining, mature trees for privacy and no behind neighbors. Close proximity to parks, shops, dining and schools. It's a BEAUTY

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 $145,518. 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
Bathrooms4
Square feet2,810
Property typeSingle Family
MLS #7031145
CountyMaricopa County
Assumable loanFHA
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Free · No commitment · Typical reply in 15 min
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)
$2,763/mo
Source est. payment (PITI)
$3,290/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$145,518

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

$0$145,518
Additional funds needed$0

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