Properties / 15000 E PICKAWAY Trail
FHA ASSUMABLERate: 6.26%

15000 E PICKAWAY Trail

$390,000
Mayer, AZ 86333
3 beds3 baths1,560 sqftSingle Family
The assumable advantage
6.26%
FHA assumed rate
$61,107 interest already paid off
Estimated Loan Balance$280,046
Cash to close$110,628
Est. Monthly PITI$2,171
Initial Loan Amount$291,620
Time on site39 days
Remaining Term26 years, 7 months
Seller's equity (what you pay)
$109,954
Cash or secondary financing
Monthly savings
$496
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Like new home on 6 GORGEOUS private acres. Home boasts full stucco outside, full clay tile roof, 3 bedrooms, 2.5 baths all located in some of the most beautiful area around!! If you are looking for amazing sunrises, sunsets and bright starry nights, with no light / noise pollution this property is it. Get away from the big city hustle and bustle, to your very own private retreat. Property has RV hook-up, NO HOA OR CCR. quick 20-25 minute drive to spring valley or Cordes for all your needs. 60 minutes to sky harbor airport. iProperties like these are getting harder and harder to find, don't pass up a rare oppertunity to own this exceptional 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 $109,954. 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
Bathrooms3
Square feet1,560
Property typeSingle Family
MLS #7061890
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)
$1,804/mo
Source est. payment (PITI)
$2,171/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$109,954

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

$0$109,954
Additional funds needed$0

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