Properties / 1432 W EMERALD Avenue
FHA ASSUMABLERate: 4.98%

1432 W EMERALD Avenue

$209,900
Mesa, AZ 85202
1 beds1 baths641 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$44,243 interest already paid off
Estimated Loan Balance$203,468
Cash to close$8,008
Est. Monthly PITI$1,484
Initial Loan Amount$216,015
Time on site50 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$6,432
Cash or secondary financing
Monthly savings
$70
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Beautiful 1br/1bath GROUND LEVEL and END UNIT with an open floorplan in a prime Mesa location! Clean and move-in ready, the kitchen features granite countertops, oak cabinets, lots of counter space, & all appliances. Excellent natural lighting in the great room. The master bedroom features a large walk-in closet. Large enclosed front patio with secure outdoor storage closet. Conveniently located close to Emerald Ave for ease of access and extra street parking. Located in Mesa Coronado community which offers many amenities including a community pool & mature landscaping in the common areas, and close to the US 60 and 101 freeways, Banner Desert Hospital, MCC, ASU, and NEW 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 $6,432. 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 feet641
Property typeSingle Family
MLS #7012603
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)
$1,168/mo
Source est. payment (PITI)
$1,484/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$6,432

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

$0$6,432
Additional funds needed$0

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