Properties / 18884 W Shaw Butte Drive
FHA ASSUMABLERate: 2.9%

18884 W Shaw Butte Drive

$544,900
Surprise, AZ 85388
4 beds3 baths2,646 sqftSingle Family
The assumable advantage
2.9%
FHA assumed rate
$49,751 interest already paid off
Estimated Loan Balance$336,786
Cash to close$209,605
Est. Monthly PITI$2,169
Initial Loan Amount$374,440
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$208,114
Cash or secondary financing
Monthly savings
$1,644
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Step inside and feel instantly at home in this bright, beautifully designed single-level retreat. Soaring ceilings, recessed lighting and wood-look tile create an open, airy atmosphere, while the expansive great room flows effortlessly into the dining area and showstopping kitchen. Entertain with ease around the oversized quartz island, complemented by abundant cabinetry, stainless steel appliances, gas cooking, a subway-tile backsplash and a spacious walk-in pantry. The split-bedroom floor plan provides added privacy, with the spacious primary suite tucked away from the secondary bedrooms complemented by a spa-inspired ensuite featuring dual vanities, an oversized tiled shower and upgraded wood-look tile flooring that adds warmth, style and easy-care. Two additional bedrooms provide comfortable options for family, guests or a home office. The true standout is the private secondary living suite with its own exterior entrance, living room, kitchenette, bedroom, bathroom and stacked laundry. Complete with quartz countertops, stainless steel appliances and direct outdoor access, this flexible space is perfect for multigenerational living, extended guests or added privacy. Enjoy Arizona evenings beneath the covered patio overlooking an easy-care backyard with artificial turf, decorative rock and block fencing. Smart-home features, AI main water shutoff , ceiling fans, Tesla EV charging capability, a 3-car garage and included refrigerator, washer and dryer add even more value. Beyond the front door, enjoy a location that makes everyday living and weekend fun easy. Zanjero Trails offers neighborhood walking and biking paths plus a playground, while nearby Village at Prasada brings shopping, restaurants and entertainment close to home. Catch spring-training baseball at Surprise Stadium, home of the Kansas City Royals and Texas Rangers, or head to White Tank Mountain Regional Park for scenic hiking, biking, picnicking and desert adventures. With convenient access to Loop 303, parks, schools and everyday services, this location offers the perfect balance of comfort, convenience and Arizona recreation.

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 $208,114. 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 feet2,646
Property typeSingle Family
MLS #7054834
CountyMaricopa County
Assumable loanFHA
Tour this home
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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)
$1,569/mo
Source est. payment (PITI)
$2,169/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$208,114

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

$0$208,114
Additional funds needed$0

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