Properties / 202 N 58TH Street
FHA ASSUMABLERate: 4.98%

202 N 58TH Street

$310,000
Mesa, AZ 85205
1 beds1 baths646 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$52,287 interest already paid off
Estimated Loan Balance$243,005
Cash to close$71,401
Est. Monthly PITI$1,750
Initial Loan Amount$255,290
Time on site50 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$66,995
Cash or secondary financing
Monthly savings
$433
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Step into a slice of retro paradise with this cute as a button, tastefully remodeled 1960s single-family home that perfectly blends timeless character with contemporary updates. Located in the vibrant heart of Mesa, this Palm Springs style retreat is turn key ready and sold fully furnished making it ideal as a full time residence, winter getaway, or potential short-term rental (no HOA and no age restrictions!). Inside, you'll fall in love with the vaulted ceilings, clean lines, and bright, airy spaces. The thoughtful remodel preserves its mid-century roots while adding all the modern touches you crave. A large laundry room, updated kitchen and bath, and stylish decor throughout make this home both functional and fashionable. All of this plus just minutes from shopping and dining.

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 $66,995. 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

Bedrooms1
Bathrooms1
Square feet646
Property typeSingle Family
MLS #6903070
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)
$1,395/mo
Source est. payment (PITI)
$1,750/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$66,995

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

$0$66,995
Additional funds needed$0

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