Properties / 11608 N 20TH Drive
FHA ASSUMABLERate: 3.88%

11608 N 20TH Drive

$299,999
Phoenix, AZ 85029
2 beds2 baths1,325 sqftSingle Family
The assumable advantage
3.88%
FHA assumed rate
$53,308 interest already paid off
Estimated Loan Balance$138,904
Cash to close$162,134
Est. Monthly PITI$1,123
Initial Loan Amount$168,884
Time on site50 days
Remaining Term21 years, 2 months
Seller's equity (what you pay)
$161,095
Cash or secondary financing
Monthly savings
$966
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Check out this adorable single-story home! Explore the inviting living areas ready to bring you joy, showcasing tile flooring, a soothing palette, French doors to the patio & abundant natural light. The kitchen comes equipped with flat-panel cabinets, ample counter space & essential appliances to make home cooking a breeze. You'll love the spacious bedrooms and bathrooms, providing the perfect spot for relaxation. Enjoy your morning coffee and casual dining in the screened-in patio. Garage conversion suite featuring a separate exit, making it perfect for guests. Get ready for weekend grills & peaceful evenings in the backyard, offering an easy-care landscape so you can always be worry-free, a storage shed for added organization, and beautiful Mountain View! *2nd bathroom is a half bathroom

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 $161,095. 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

Bedrooms2
Bathrooms2
Square feet1,325
Property typeSingle Family
MLS #7038537
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$803/mo
Source est. payment (PITI)
$1,123/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$161,095

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

$0$161,095
Additional funds needed$0

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