Properties / 17418 N KIMBERLY Way
FHA ASSUMABLERate: 5.23%

17418 N KIMBERLY Way

$499,950
Surprise, AZ 85374
4 beds3 baths2,337 sqftSingle Family
The assumable advantage
5.23%
FHA assumed rate
$88,587 interest already paid off
Estimated Loan Balance$394,685
Cash to close$106,446
Est. Monthly PITI$2,897
Initial Loan Amount$419,210
Time on site50 days
Remaining Term25 years, 11 months
Seller's equity (what you pay)
$105,265
Cash or secondary financing
Monthly savings
$628
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Situated on a rare 7,000 sq ft corner lot with gated RV parking, this home offers outdoor space and flexibility that are hard to find in the neighborhood. Vaulted ceilings, plantation shutters, and abundant natural light create an open feel throughout. The flexible layout includes a downstairs bedroom, dedicated office, spacious dining room, eat-in kitchen with ample cabinet storage, and an insulated garage with a ductless mini split. Extensive updates include a 2021 interior remodel with LVP flooring, updated bathrooms, refinished kitchen cabinets, LED lighting, paint, and baseboards. Additional improvements include exterior paint, turf, new AC, and PebbleTec pool resurfacing with new waterline tile. Convenient to parks, shopping, dining, golf, Loop 303, and US-60.

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 $105,265. 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
Square feet2,337
Property typeSingle Family
MLS #7057273
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)
$2,320/mo
Source est. payment (PITI)
$2,897/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$105,265

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

$0$105,265
Additional funds needed$0

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