Properties / 3825 E Cassie Lane
FHA ASSUMABLERate: 6.5%

3825 E Cassie Lane

$320,000
Cottonwood, AZ 86326
3 beds2 baths1,297 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$24,015 interest already paid off
Estimated Loan Balance$244,773
Cash to close$75,471
Est. Monthly PITI$1,888
Initial Loan Amount$248,270
Time on site49 days
Remaining Term28 years, 7 months
Seller's equity (what you pay)
$75,227
Cash or secondary financing
Monthly savings
$315
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Enjoy affordable Cottonwood living with land, privacy, and room to make it your own! Tucked at the end of a quiet cul-de-sac, this 3-bedroom, 2-bath manufactured home sits on a fully fenced .42-acre lot with mature trees, mountain views, and usable outdoor space. A wall was removed to create a more open kitchen and living area, while the center island, granite countertops, and white cabinetry add workspace, storage, and casual seating. The roof was fully replaced approximately four years ago. Situated on owned land with no lot rent, the property also features leased solar, natural gas, a shared well, and a septic system. A practical starter home, investment, or downsizing option with room for future cosmetic updates, only fifteen minutes away from the beautiful Sedona red rocks. Owner has had an APS credit and $0 bill for years

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 $75,227. 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 feet1,297
Property typeSingle Family
MLS #7057987
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)
$1,572/mo
Source est. payment (PITI)
$1,888/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$75,227

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

$0$75,227
Additional funds needed$0

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