Properties / 4226 N 109TH Drive
FHA ASSUMABLERate: 6.54%

4226 N 109TH Drive

$395,000
Phoenix, AZ 85037
4 beds2 baths1,309 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$73,458 interest already paid off
Estimated Loan Balance$330,816
Cash to close$64,561
Est. Monthly PITI$2,576
Initial Loan Amount$343,406
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$64,184
Cash or secondary financing
Monthly savings
$144
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Welcome home to this beautifully maintained single-story gem featuring a unique, functional layout and tile flooring throughout. Filled with natural light, this home offers a warm, inviting feel from the moment you step inside. The spacious kitchen boasts ample cabinetry and a large pantry. Major updates include a 3-year-old A/C, 3-year-old water heater, and a 7-year-old roof for added peace of mind. The insulated garage with a mini-split is perfect for a workshop, gym, or hobby space. Outside, enjoy a massive backyard with an RV gate and endless possibilities for entertaining, storage, or future additions. Don't miss this one! NO HOA!

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 $64,184. 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
Bathrooms2
Square feet1,309
Property typeSingle Family
MLS #7057197
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)
$2,185/mo
Source est. payment (PITI)
$2,576/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$64,184

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

$0$64,184
Additional funds needed$0

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