Properties / 2607 W COOLIDGE Street
FHA ASSUMABLERate: 3.45%

2607 W COOLIDGE Street

$210,000
Phoenix, AZ 85017
3 beds2 baths1,196 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$34,384 interest already paid off
Estimated Loan Balance$211,549
Cash to close$0
Est. Monthly PITI$1,506
Initial Loan Amount$231,725
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$198
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

This property is in a prime location with easy access to freeways minutes from Grand Canyon University and surrounded by lots of shopping & restaurants. Gated community with community pool and spa plus well-maintained common areas. Hard to find 3 bedroom / 1.5 baths. This property features a large, covered patio area perfect for entertaining and outdoor living. Open floorplan with lots of natural light. and tile in all the right places. Kitchen features updated white cabinets & quartz counter tops. Separate laundry area, tasteful neutral colors, unit is in great condition. Mr clean lives at this property. Located in a private part of complex. 2 covered parking spots & 2 storage sheds on patio. Please ask about 3.5% assumable mortgage. Perfect for owner occupant, investors and student

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 $0. 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
Square feet1,196
Property typeSingle Family
MLS #7053245
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)
$1,040/mo
Source est. payment (PITI)
$1,506/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.