Properties / 2208 W DUNBAR Drive
FHA ASSUMABLERate: 2.89%

2208 W DUNBAR Drive

$450,000
Phoenix, AZ 85041
5 beds3 baths1,940 sqftSingle Family
The assumable advantage
2.89%
FHA assumed rate
$47,886 interest already paid off
Estimated Loan Balance$264,870
Cash to close$185,753
Est. Monthly PITI$1,853
Initial Loan Amount$303,393
Time on site36 days
Remaining Term24 years, 3 months
Seller's equity (what you pay)
$185,130
Cash or secondary financing
Monthly savings
$1,387
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Beautiful 5 bedroom, 3 bath home located in a desirable gated community! This spacious floor plan features tile flooring throughout the main living areas and carpet in all bedrooms for added comfort. The kitchen offers white cabinetry, granite countertops, and ample cabinet and counter space, making it ideal for everyday living and entertaining. A convenient Jack-and-Jill bathroom provides added functionality for family or guests. The low-maintenance backyard is complete with turf and pavers, creating the perfect outdoor space for relaxing or entertaining. Listing agent is related to seller.

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 $185,130. 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

Bedrooms5
Bathrooms3
Square feet1,940
Property typeSingle Family
MLS #7053326
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)
$1,267/mo
Source est. payment (PITI)
$1,853/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$185,130

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

$0$185,130
Additional funds needed$0

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