Properties / 25294 N 142nd Drive
FHA ASSUMABLERate: 5.54%

25294 N 142nd Drive

$409,990
Surprise, AZ 85387
3 beds3 baths1,958 sqftSingle Family
The assumable advantage
5.54%
FHA assumed rate
$75,035 interest already paid off
Estimated Loan Balance$328,823
Cash to close$81,634
Est. Monthly PITI$2,491
Initial Loan Amount$348,157
Time on site16 days
Remaining Term26 years
Seller's equity (what you pay)
$81,167
Cash or secondary financing
Monthly savings
$427
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome to this beautiful 2022-built home in Surprise! This home features a bright and inviting open layout, tile flooring throughout the main living areas, and an attached garage. Enjoy a low-maintenance backyard, perfect for relaxing or entertaining with minimal upkeep. Conveniently located near shopping, dining, schools and major roadways.

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 $81,167. 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 feet1,958
Property typeSingle Family
MLS #7071436
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)
$1,991/mo
Source est. payment (PITI)
$2,491/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$81,167

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

$0$81,167
Additional funds needed$0

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