Properties / 2044 N MONTCLAIR Lane
FHA ASSUMABLERate: 2.9%

2044 N MONTCLAIR Lane

$398,999
Casa Grande, AZ 85122
4 beds2 baths2,225 sqftSingle Family
The assumable advantage
2.9%
FHA assumed rate
$33,563 interest already paid off
Estimated Loan Balance$228,204
Cash to close$172,802
Est. Monthly PITI$1,560
Initial Loan Amount$252,605
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$170,795
Cash or secondary financing
Monthly savings
$1,290
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Beautifully maintained 4-bedroom, 2-bath home with a sparkling private pool! This inviting property features a spacious, open layout enhanced by vaulted ceilings, abundant natural light, and ceiling fans throughout the main living areas for year-round comfort. The spacious kitchen is perfect for entertaining, offering granite countertops, a center island, and a convenient breakfast bar, along with plenty of cabinets. The open layout flows seamlessly into the living and dining spaces, creating a welcoming atmosphere. Step outside to a covered patio and enjoy the backyard oasis, perfect for relaxing or hosting gatherings by the pool. Additional highlights include energy-efficient solar panels, which help reduce utility costs.

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 $170,795. 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 feet2,225
Property typeSingle Family
MLS #7017703
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)
$1,063/mo
Source est. payment (PITI)
$1,560/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$170,795

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

$0$170,795
Additional funds needed$0

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