Properties / 3202 W MCRAE Way
FHA ASSUMABLERate: 5.13%

3202 W MCRAE Way

$529,900
Phoenix, AZ 85027
4 beds2 baths2,077 sqftSingle Family
The assumable advantage
5.13%
FHA assumed rate
$73,445 interest already paid off
Estimated Loan Balance$353,984
Cash to close$175,916
Est. Monthly PITI$2,650
Initial Loan Amount$376,373
Time on site0 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$175,916
Cash or secondary financing
Monthly savings
$1,071
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Remodeled 4BR/2BA North Phoenix home with diving pool, large backyard & NO HOA! Enjoy a gorgeous, updated kitchen with plenty of storage and open concept, remodeled baths, new roof (2026), newer A/C (2021), updated flooring, and a 2-car garage with built-in storage. Great location with easy access to the 101 & I-17 freeways, shopping, dining and amenities. Move-in ready and ready for its new owner!

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 $175,916. 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 feet2,077
Property typeSingle Family
MLS #7079436
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)
$2,054/mo
Source est. payment (PITI)
$2,650/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$175,916

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

$0$175,916
Additional funds needed$0

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