Properties / 2323 W ALICIA Drive
FHA ASSUMABLERate: 4.51%

2323 W ALICIA Drive

$450,000
Phoenix, AZ 85041
4 beds3 baths2,326 sqftSingle Family
The assumable advantage
4.51%
FHA assumed rate
$80,248 interest already paid off
Estimated Loan Balance$94,139
Cash to close$357,282
Est. Monthly PITI$1,225
Initial Loan Amount$139,374
Time on site50 days
Remaining Term15 years
Seller's equity (what you pay)
$355,861
Cash or secondary financing
Monthly savings
$1,933
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

This thoughtfully designed 4-bedroom home, with the option to expand to six, offers comfortable living with practical features throughout. High ceilings, granite counters, a spacious kitchen island, and dual pane windows create an inviting atmosphere, while the primary suite includes double vanities and a separate soaking tub and shower. The kitchen features gas cooking, quality appliances, and walk-in pantry. Washer and dryer included in convenient upstairs laundry. Step outside to a professionally landscaped yard that's ready for you to personalize. Enjoy year-round comfort with central air, fans, and transferrable HVAC and furnace warranty covering parts & maintenance through Aug 2031. New water heater 2022. *** Owner is willing to provide credit for new paint with an acceptable offer.

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 $355,861. 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
Bathrooms3
Square feet2,326
Property typeSingle Family
MLS #7024509
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)
$721/mo
Source est. payment (PITI)
$1,225/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$355,861

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

$0$355,861
Additional funds needed$0

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