Properties / 2020 W CALEB Road
FHA ASSUMABLERate: 3.8%

2020 W CALEB Road

$724,900
Phoenix, AZ 85085
4 beds3 baths3,205 sqftSingle Family
The assumable advantage
3.8%
FHA assumed rate
$126,945 interest already paid off
Estimated Loan Balance$189,131
Cash to close$537,177
Est. Monthly PITI$1,964
Initial Loan Amount$279,311
Time on site50 days
Remaining Term16 years
Seller's equity (what you pay)
$535,769
Cash or secondary financing
Monthly savings
$2,959
Versus today's market rate
Est. savings per year
$36K
Versus today's market rate

About this home

Elevated desert living in this premium mountain-view home, situated on nearly a quarter acre lot with no rear neighbors for exceptional privacy. The impressive porte-cochère offers convenience and style, providing shaded parking and a welcoming private courtyard entry. Inside, the thoughtfully designed floor plan features formal living and dining spaces with a spacious upstairs loft, perfect for a game room, media space, or additional living area. The kitchen stands out with solid granite countertops, upgraded cabinetry, and a layout designed for both functionality and entertaining. Energy-efficient solar panels help reduce utility costs, adding long-term value to this already impressive home. Step outside to a secluded over-sized backyard designed for low-maintenance desert living.

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 $535,769. 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 feet3,205
Property typeSingle Family
MLS #7044579
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)
$1,316/mo
Source est. payment (PITI)
$1,964/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$535,769

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

$0$535,769
Additional funds needed$0

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