Properties / 7809 W PALM Lane
FHA ASSUMABLERate: 6.95%

7809 W PALM Lane

$360,000
Phoenix, AZ 85035
3 beds3 baths1,768 sqftSingle Family
The assumable advantage
6.95%
FHA assumed rate
$1,478 interest already paid off
Estimated Loan Balance$14,915
Cash to close$345,102
Est. Monthly PITI$452
Initial Loan Amount$15,147
Time on site24 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$345,085
Cash or secondary financing
Monthly savings
$2,019
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

Experience stylish, low-maintenance living in this beautifully maintained 3-bed, 3-bath, three-story townhome in a prime Phoenix location! Featuring a flexible layout, the first level offers a spacious living area with durable plank laminate flooring, while the second level boasts an eat-in kitchen with rich espresso cabinetry, an inviting family room/dining combo, and a convenient bedroom. The third floor includes two additional bedrooms and a laundry room. Enjoy a 2-car garage, community pool, and a large park just steps away for outdoor recreation. Ideally located minutes from I-10, Loop 101, shopping, dining, and everyday amenities, this move-in-ready Phoenix townhome offers the perfect blend of comfort, convenience, and lifestyle.

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 $345,085. 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
Bathrooms3
Square feet1,768
Property typeSingle Family
MLS #7067912
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)
$104/mo
Source est. payment (PITI)
$452/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$345,085

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

$0$345,085
Additional funds needed$0

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