Properties / 6302 S EMERY
FHA ASSUMABLERate: 6.46%

6302 S EMERY

$537,000
Mesa, AZ 85212
4 beds3 baths2,071 sqftSingle Family
The assumable advantage
6.46%
FHA assumed rate
$68,804 interest already paid off
Estimated Loan Balance$507,213
Cash to close$31,369
Est. Monthly PITI$3,799
Initial Loan Amount$517,134
Time on site50 days
Remaining Term28 years
Seller's equity (what you pay)
$29,787
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

Beautifully maintained 2024 Ashton Woods home in Destination at Gateway featuring 4 bedrooms, 3 bathrooms, a dedicated den, and 2,071 sq ft of thoughtfully designed living space. The open-concept floor plan offers a spacious great room and a modern kitchen with granite countertops, stainless Whirlpool appliances, gas cooking, and a large island. Backing to a community greenbelt, the backyard enjoys added privacy with no neighbors directly behind. This original-owner home has been lightly lived in and offers the benefits of new construction without the wait. Residents enjoy parks, playgrounds, expansive greenbelt spaces, and convenient access to shopping, dining, and the Loop 202.

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 $29,787. 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 feet2,071
Property typeSingle Family
MLS #7039279
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)
$3,269/mo
Source est. payment (PITI)
$3,799/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$29,787

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

$0$29,787
Additional funds needed$0

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