Properties / 2509 E HIGHLAND Street
FHA ASSUMABLERate: 7.44%

2509 E HIGHLAND Street

$500,000
Mesa, AZ 85213
3 beds2 baths1,746 sqftSingle Family
The assumable advantage
7.44%
FHA assumed rate
$2,999 interest already paid off
Estimated Loan Balance$14,912
Cash to close$485,088
Est. Monthly PITI$409
Initial Loan Amount$15,323
Time on site24 days
Remaining Term26 years, 5 months
Seller's equity (what you pay)
$485,088
Cash or secondary financing
Monthly savings
$2,841
Versus today's market rate
Est. savings per year
$34K
Versus today's market rate

About this home

Beautifully updated and full of charm, this 3-bed, 2-bath Mesa home offers spacious rooms and a warm, welcoming feel. Recent improvements include new exterior paint (2023), tile flooring throughout, and a new roof installed in 2023 for lasting confidence. The bright living areas flow easily, giving the home an open, comfortable vibe. Step outside to a backyard built for Arizona living with a sparkling pool added just five years ago. Located in the desirable Mtn View School District, this home blends updates, comfort, and neighborhood appeal.

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 $485,088. 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 feet1,746
Property typeSingle Family
MLS #7059168
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)
$108/mo
Source est. payment (PITI)
$409/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$485,088

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

$0$485,088
Additional funds needed$0

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