Properties / 10962 W MCKINLEY Street
FHA ASSUMABLERate: 5.13%

10962 W MCKINLEY Street

$489,850
Avondale, AZ 85323
4 beds3 baths2,347 sqftSingle Family
The assumable advantage
5.13%
FHA assumed rate
$87,682 interest already paid off
Estimated Loan Balance$422,599
Cash to close$67,251
Est. Monthly PITI$3,204
Initial Loan Amount$449,328
Time on site0 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$67,251
Cash or secondary financing
Monthly savings
$437
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Located in a gated community, this 4-bedroom + den, 3-bath home offers a spacious layout with wood-look tile throughout the main living areas. The great room features a multi-panel sliding glass door opening to the backyard. The gourmet kitchen includes stainless steel built-in appliances and a large island with breakfast bar. The primary suite features dual sinks and a walk-in shower, while one secondary bedroom offers a private ensuite. Outside, enjoy an easy-care backyard with artificial turf, a large covered patio and extended paver seating area.

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 $67,251. 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 feet2,347
Property typeSingle Family
MLS #7079953
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)
$2,452/mo
Source est. payment (PITI)
$3,204/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$67,251

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

$0$67,251
Additional funds needed$0

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