Properties / 27814 N 15TH Drive
FHA ASSUMABLERate: 6.11%

27814 N 15TH Drive

$1,395,000
Phoenix, AZ 85085
5 beds5 baths4,287 sqftSingle Family
The assumable advantage
6.11%
FHA assumed rate
$10,484 interest already paid off
Estimated Loan Balance$491,027
Cash to close$951,961
Est. Monthly PITI$51,509
Initial Loan Amount$586,275
Time on site29 days
Remaining Term8 months
Seller's equity (what you pay)
$903,973
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Is this a model home? Is it staged? Was it just remodeled? Nestled within the exclusive, gated enclave of Fireside and Dynamite Mountain Ranch, this single-story masterpiece captures breathtaking, unobstructed views of the Sonoran Mountain Preserve the moment you arrive. Spanning an expansive 4,287 square feet of pure architectural perfection, this meticulously designed 5-bedroom, 4.5-bathroom estate offers an ideal split floor plan that effortlessly balances privacy and togetherness. Every inch of this residence feels as though it was curated by a professional interior designer--and select high-end furnishings are available to make this a truly turnkey opportunity. The home features dedicated spaces for every lifestyle, including a state-of-the-art media room/executive office, a vibran children's playroom, walk-in closets in every bedroom, and a walk-in pantry. As you step through the grand entrance, an abundance of natural light draws your eyes across the open-concept living space to seamless wall-to-wall glass doors. These vanish to blend indoor living with an entertainer's paradise. The ultra-private backyard boasts resort-style landscaping, a premium "grill and chill" outdoor kitchen, a cozy fire pit, and a dramatic fireplace perfect for stargazing. Beyond your private oasis, Fireside residents enjoy world-class community amenities: a state-of-the-art fitness center, sparkling pools, tennis courts, and pristine parks. Located just minutes from premier shopping, fine dining, and top-rated schools, this property isn't just a home--it is an elevated lifestyle.

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 $903,973. 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

Bedrooms5
Bathrooms5
Square feet4,287
Property typeSingle Family
MLS #7066099
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)
$62,793/mo
Source est. payment (PITI)
$51,509/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$903,973

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

$0$903,973
Additional funds needed$0

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