Properties / 5456 N Sanford Place
FHA ASSUMABLERate: 6.25%

5456 N Sanford Place

$420,000
Flagstaff, AZ 86004
3 beds2 baths sqftSingle Family
The assumable advantage
6.25%
FHA assumed rate
$177,588 interest already paid off
Estimated Loan Balance$112,349
Cash to close$309,268
Est. Monthly PITI$1,474
Initial Loan Amount$182,141
Time on site36 days
Remaining Term11 years, 6 months
Seller's equity (what you pay)
$307,651
Cash or secondary financing
Monthly savings
$1,334
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Home Sweet Home! Primary residence, investment property or your mountain getaway. This 3 bedrooms, 2 bathrooms offers bright & open living area, spacious kitchen with island and desirable split floor plan. Roomy primary bedroom with remodeled bathroom and dual sinks. Short drive to Flagstaff Mall, movie theatre, gym, dining, etc. Minutes away from biking & hiking trails. Roof shingles replaced on 2021. Easy to show.

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 $307,651. 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
Property typeSingle Family
MLS #204729
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)
$1,143/mo
Source est. payment (PITI)
$1,474/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$307,651

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

$0$307,651
Additional funds needed$0

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