Properties / 1725 N DATE Street
FHA ASSUMABLERate: 3.77%

1725 N DATE Street

$329,500
Mesa, AZ 85201
2 beds2 baths1,161 sqftSingle Family
The assumable advantage
3.77%
FHA assumed rate
$35,186 interest already paid off
Estimated Loan Balance$70,422
Cash to close$259,502
Est. Monthly PITI$690
Initial Loan Amount$93,279
Time on site50 days
Remaining Term18 years, 9 months
Seller's equity (what you pay)
$259,078
Cash or secondary financing
Monthly savings
$1,506
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Welcome to this well-maintained 2BR/2BA corner-lot home offering a great combination of updates, privacy, outdoor space and value. This 1,161 sq ft home features a newer A/C, newer stainless-steel refrigerator and dishwasher, updated LVP flooring in the living room, dining area and bedrooms, no carpet, and storage. Enjoy your own covered parking, multiple covered patios and a mature tree and green space. This corner location provides added privacy with no home directly behind or on one side. Conveniently located just minutes from Scottsdale, Tempe, Downtown Phoenix and Downtown Mesa, a growing area with new restaurants, shops and entertainment. Low HOA fees, property taxes and insurance help keep monthly costs affordable, making this a great option for first-time buyers.

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 $259,078. 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

Bedrooms2
Bathrooms2
Square feet1,161
Property typeSingle Family
MLS #7048760
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)
$437/mo
Source est. payment (PITI)
$690/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$259,078

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

$0$259,078
Additional funds needed$0

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