Properties / 42509 W MONTEVERDE Drive
FHA ASSUMABLERate: 3.23%

42509 W MONTEVERDE Drive

$320,000
Maricopa, AZ 85138
4 beds2 baths1,675 sqftSingle Family
The assumable advantage
3.23%
FHA assumed rate
$41,176 interest already paid off
Estimated Loan Balance$193,335
Cash to close$127,985
Est. Monthly PITI$1,424
Initial Loan Amount$220,924
Time on site50 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$126,665
Cash or secondary financing
Monthly savings
$919
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Discover the charm of this adorable 4-bed, 2-bath home in the sought-after Glennwilde! Starting with a 2-car garage, stone accent details, manicured desert landscape, and a front porch. The inviting interior features tons of natural light, a neutral palette, baseboard, wood-look tile flooring throughout, and vaulted ceilings that add to the airy feel. You'll love the seamlessly flowing open layout, making entertaining a bliss! The eat-in kitchen boasts built-in appliances, a pantry, track lighting, staggered wood cabinetry w/crown molding, and an island w/breakfast bar. Large main bedroom has a walk-in closet and an ensuite with dual sinks & a separate tub/shower. The backyard, with a covered patio & well-laid flagstone, is the ideal spot to relax or enjoy BBQ. Move-in ready! Welcome home!

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 $126,665. 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 feet1,675
Property typeSingle Family
MLS #7037836
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)
$968/mo
Source est. payment (PITI)
$1,424/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$126,665

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

$0$126,665
Additional funds needed$0

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