Properties / 228 E BEATRYCE Street
FHA ASSUMABLERate: 4.9%

228 E BEATRYCE Street

$630,000
Tempe, AZ 85288
3 beds3 baths1,629 sqftSingle Family
The assumable advantage
4.9%
FHA assumed rate
$100,717 interest already paid off
Estimated Loan Balance$244,713
Cash to close$385,287
Est. Monthly PITI$2,089
Initial Loan Amount$283,343
Time on site1 day
Remaining Term22 years, 3 months
Seller's equity (what you pay)
$385,287
Cash or secondary financing
Monthly savings
$2,208
Versus today's market rate
Est. savings per year
$26K
Versus today's market rate

About this home

Rare 2018 modern build on a premium corner lot in a hidden architectural enclave. Cleaned, refreshed, and professionally staged, this turn-key 3-bed, 2.5-bath home offers a luxury two-story layout designed for effortless living. Step through the premium iron front door into a great room flowing to a gourmet kitchen with quartz counters and gas cooktop. Upstairs separates entertaining from a primary suite with a marble bath. Over $40,000 invested in post-build upgrades, including fresh paint, new carpet, water softener, RO system, and a new garage motor. The private yard features synthetic turf and an aluminum shade structure. Enjoy a prime Tempe address minutes from ASU and Old Town, grandfathered into Scottsdale Schools. Rare opportunity!

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 $385,287. 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 feet1,629
Property typeSingle Family
MLS #7078447
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)
$1,507/mo
Source est. payment (PITI)
$2,089/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$385,287

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

$0$385,287
Additional funds needed$0

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