Properties / 127 W CALDWELL Street
FHA ASSUMABLERate: 2.87%

127 W CALDWELL Street

$315,000
Phoenix, AZ 85041
3 beds1 baths936 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$36,779 interest already paid off
Estimated Loan Balance$241,455
Cash to close$74,091
Est. Monthly PITI$1,590
Initial Loan Amount$271,000
Time on site37 days
Remaining Term25 years
Seller's equity (what you pay)
$73,545
Cash or secondary financing
Monthly savings
$729
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Discover the potential in this 3-bedroom, 1-bath home, offering a great opportunity to create the space you've always envisioned. With a functional layout and solid foundation, this property is ready for your personal updates and finishing touches.

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 $73,545. 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

Bedrooms3
Bathrooms1
Square feet936
Property typeSingle Family
MLS #7062508
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)
$1,129/mo
Source est. payment (PITI)
$1,590/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$73,545

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

$0$73,545
Additional funds needed$0

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