Properties / 16340 S LUNAR Road
FHA ASSUMABLERate: 3.45%

16340 S LUNAR Road

$195,000
Arizona City, AZ 85123
3 beds2 baths1,234 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$19,702 interest already paid off
Estimated Loan Balance$121,465
Cash to close$74,022
Est. Monthly PITI$865
Initial Loan Amount$132,783
Time on site50 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$73,535
Cash or secondary financing
Monthly savings
$554
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Welcome to this inviting single-story home featuring 3 bedrooms and 2 bathrooms! This East/West facing property offers a wide RV gate, no-fuss front yard, and a cozy front deck, the perfect spot to enjoy morning coffee or unwind at the end of the day. Discover a harmonious open floor plan boasting wood-look flooring, vaulted ceilings, neutral palette, bountiful natural light, and ceiling fans throughout. The kitchen displays plenty of cabinet space and built-in appliances, making meal preparation enjoyable. Airy & large primary bedroom provides a peaceful retreat, complete with a walk-in closet for easy organization and a private bathroom for added convenience. Spacious backyard has a relaxing deck and two storage sheds. Don't miss out!

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 $73,535. 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 feet1,234
Property typeSingle Family
MLS #7050740
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)
$596/mo
Source est. payment (PITI)
$865/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$73,535

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

$0$73,535
Additional funds needed$0

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