Properties / 15031 N 21ST Street
FHA ASSUMABLERate: 3.75%

15031 N 21ST Street

$370,000
Phoenix, AZ 85022
3 beds2 baths1,215 sqftSingle Family
The assumable advantage
3.75%
FHA assumed rate
$63,126 interest already paid off
Estimated Loan Balance$219,416
Cash to close$151,081
Est. Monthly PITI$1,610
Initial Loan Amount$255,290
Time on site31 days
Remaining Term23 years
Seller's equity (what you pay)
$150,584
Cash or secondary financing
Monthly savings
$994
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Location!! This charming home has 3 bedrooms, 2 bath with a great back yard and lots of parking. Beautiful mountain views Covered full length patio . Lovely eat-in kitchen and breakfast bar. Back yard has terraced steps, and grassy yard. Good sized storage off the carport. No HOA! A Must see. Wont last This home is being sold as is. It is waiting for your personal touches.

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 $150,584. 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 feet1,215
Property typeSingle Family
MLS #7064422
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)
$1,188/mo
Source est. payment (PITI)
$1,610/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$150,584

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

$0$150,584
Additional funds needed$0

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