Properties / 2640 E COWBOY COVE Trail
FHA ASSUMABLERate: 3.1%

2640 E COWBOY COVE Trail

$339,000
San Tan Valley, AZ 85143
4 beds2 baths1,881 sqftSingle Family
The assumable advantage
3.1%
FHA assumed rate
$40,614 interest already paid off
Estimated Loan Balance$272,022
Cash to close$68,138
Est. Monthly PITI$1,737
Initial Loan Amount$300,162
Time on site36 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$66,978
Cash or secondary financing
Monthly savings
$709
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Paid-off solar panels add value and energy efficiency! Well-maintained and move-in-ready 4-bedroom, 2-bath single-story home in San Tan Valley. Conveniently located near shopping, dining, schools, and everyday amenities. Priced to sell with a motivated seller. Come see all this home has to offer!

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 $66,978. 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 feet1,881
Property typeSingle Family
MLS #7062866
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,290/mo
Source est. payment (PITI)
$1,737/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$66,978

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

$0$66,978
Additional funds needed$0

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