Properties / 424 E CANYON ROCK Road
FHA ASSUMABLERate: 6.9%

424 E CANYON ROCK Road

$340,000
San Tan Valley, AZ 85143
3 beds2 baths2,087 sqftSingle Family
The assumable advantage
6.9%
FHA assumed rate
$17,788 interest already paid off
Estimated Loan Balance$109,888
Cash to close$230,112
Est. Monthly PITI$1,002
Initial Loan Amount$111,105
Time on site17 days
Remaining Term37 years, 9 months
Seller's equity (what you pay)
$230,112
Cash or secondary financing
Monthly savings
$1,322
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Life in Johnson Ranch means resort-style amenities minutes from your door: three community pools and spas, 31 parks, pickleball and tennis courts, 18-hole Championship Golf course all woven through 300+ acres of green belt. Hikers have San Tan Mountain Regional Park close by, while Fry's, Walgreens, and local eateries along Hunt Highway keep errands easy. HOA dues that stay low for everything you get. The home is quiet and peaceful with plenty of space to enjoy family moments. Single story, 2-car garage long enough for the oversized truck, low maintenance yard, and wonderful amenities both in the kitchen and main bedroom. This home is perfect as a starter home, or lock it up for the Summer. Priced right and ready to move! Give this one a look and make to home!

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 $230,112. 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 feet2,087
Property typeSingle Family
MLS #7065940
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)
$683/mo
Source est. payment (PITI)
$1,002/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$230,112

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

$0$230,112
Additional funds needed$0

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