Properties / 3934 W MYRTLE Avenue
FHA ASSUMABLERate: 7.07%

3934 W MYRTLE Avenue

$394,500
Phoenix, AZ 85051
4 beds2 baths1,619 sqftSingle Family
The assumable advantage
7.07%
FHA assumed rate
$66,156 interest already paid off
Estimated Loan Balance$317,612
Cash to close$78,457
Est. Monthly PITI$2,587
Initial Loan Amount$325,600
Time on site50 days
Remaining Term27 years, 2 months
Seller's equity (what you pay)
$76,888
Cash or secondary financing
Monthly savings
$131
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

**MOVE-IN READY • POOL • NO HOA • LOW ELECTRIC BILLS!** Location, location, location! Conveniently located just minutes from **I-17 and I-10**, with endless shopping, dining, and entertainment options nearby. This beautiful **4-bedroom, 2-bathroom brick home** is move-in ready and waiting for its new owners! Step outside and enjoy your own **sparkling private pool**--the perfect backyard retreat for relaxing, entertaining, and enjoying Arizona living. **NO HOA!** Enjoy the freedom and flexibility of homeownership without HOA restrictions or monthly HOA fees. The home is situated on an **extra-wide city street**, providing a spacious and welcoming feel. Another great benefit--the **brick construction helps with energy efficiency**, contributing to impressively low electric bills.

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 $76,888. 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

Bedrooms4
Bathrooms2
Square feet1,619
Property typeSingle Family
MLS #7002386
CountyMaricopa County
Assumable loanFHA
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$2,195/mo
Source est. payment (PITI)
$2,587/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$76,888

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

$0$76,888
Additional funds needed$0

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