Properties / 5336 N 196TH Avenue
FHA ASSUMABLERate: 6.56%

5336 N 196TH Avenue

$650,000
Litchfield Park, AZ 85340
4 beds2 baths2,199 sqftSingle Family
The assumable advantage
6.56%
FHA assumed rate
$29,236 interest already paid off
Estimated Loan Balance$483,927
Cash to close$165,615
Est. Monthly PITI$3,796
Initial Loan Amount$488,400
Time on site1 day
Remaining Term29 years, 2 months
Seller's equity (what you pay)
$166,073
Cash or secondary financing
Monthly savings
$727
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

Built in 2015 and set on a rare, expansive 0.71-acre lot, this exceptional residence offers the perfect blend of modern comfort, practical functionality, and endless possibilities. Designed for seamless everyday living, the thoughtful layout features 4 spacious bedrooms, 2 full bathrooms, striking a perfect balance between open gathering spaces and private retreats. Key Highlights & Recent Upgrades: Move-In Ready & Updated: Freshly painted exterior and a brand-new AC system installed in April 2026. Energy-Efficient Living: Outfitted with Tesla solar panels to keep utility bills low while embracing sustainable energy. Outdoor Paradise: Enjoy a lush, green backyard lawn and a front-yard basketball hoop--ideal for entertaining, active living, or relaxing.

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 $166,073. 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 feet2,199
Property typeSingle Family
MLS #7078004
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)
$3,106/mo
Source est. payment (PITI)
$3,796/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$166,073

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

$0$166,073
Additional funds needed$0

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