Properties / 3031 S 101ST Drive
FHA ASSUMABLERate: 3.91%

3031 S 101ST Drive

$369,000
Tolleson, AZ 85353
4 beds3 baths1,596 sqftSingle Family
The assumable advantage
3.91%
FHA assumed rate
$46,770 interest already paid off
Estimated Loan Balance$95,360
Cash to close$274,728
Est. Monthly PITI$922
Initial Loan Amount$123,117
Time on site50 days
Remaining Term19 years, 2 months
Seller's equity (what you pay)
$273,640
Cash or secondary financing
Monthly savings
$1,586
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Fully updated in April 2026, this beautifully remodeled home blends modern finishes with comfortable living and exceptional value. Featuring new flooring, fresh interior paint, upgraded cabinetry, stylish fixtures, and brand-new appliances throughout, this home is truly move-in ready. The bright, functional layout offers spacious living areas, an open-concept kitchen with island seating, and seamless flow for everyday living and entertaining. Enjoy a low-maintenance backyard perfect for relaxing or hosting guests, along with ceiling fans in every bedroom and included front yard landscaping. Conveniently located near shopping, dining, parks, and walking paths.

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 $273,640. 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

Bedrooms4
Bathrooms3
Square feet1,596
Property typeSingle Family
MLS #7029279
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)
$590/mo
Source est. payment (PITI)
$922/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$273,640

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

$0$273,640
Additional funds needed$0

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