Properties / 2618 E ALVARO Trail
FHA ASSUMABLERate: 3.05%

2618 E ALVARO Trail

$329,900
Casa Grande, AZ 85194
4 beds2 baths1,575 sqftSingle Family
The assumable advantage
3.05%
FHA assumed rate
$37,370 interest already paid off
Estimated Loan Balance$215,230
Cash to close$114,670
Est. Monthly PITI$1,511
Initial Loan Amount$243,497
Time on site0 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$114,670
Cash or secondary financing
Monthly savings
$910
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

PRICED TO SELL and ready to impress! Welcome home to this beautifully maintained, one-owner 4-bedroom, 2-bath home in sought-after Mission Royale, where thoughtful upgrades, energy efficiency and a backyard made for Arizona living come together. Step inside to a light, bright open floorplan featuring a neutral palette, wood-look tile flooring and plenty of natural light. The spacious kitchen is truly the heart of the home with granite countertops, 36-inch cabinetry with crown molding, subway tile backsplash, stainless steel appliances, gas range, pantry and a large island with breakfast bar, perfect for gathering with friends. The generous primary suite offers a private bath with dual sinks and a walk-in closet, while three additional bedrooms provide plenty of flexibility for guests, a home office or hobbies. Spray foam insulation adds energy efficiency and helps keep utility costs in check. You'll also appreciate the soft water loop, RV gate, additional garage storage and EV charger. But step outside and you'll discover what really sets this home apart! With the home facing southwest, the backyard becomes your own shaded retreat, complete with a covered patio and established plum, lemon, blood orange, desert willow, goji berry and jujube trees. Imagine relaxing in the shade, picking fresh fruit from your own backyard or firing up the grill for an evening with friends. The hard part is already done, you just choose your favorite landscape rock and make it your own! Mission Royale offers the lifestyle you've been looking for with a community pool, water slides, playgrounds, sports courts and scenic walking trails. Beautifully cared for, thoughtfully upgraded and move-in ready, come see what makes this one stand out!

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 $114,670. 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 feet1,575
Property typeSingle Family
MLS #7078596
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)
$1,036/mo
Source est. payment (PITI)
$1,511/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$114,670

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

$0$114,670
Additional funds needed$0

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