Properties / 3320 E MERLOT Street
FHA ASSUMABLERate: 6.93%

3320 E MERLOT Street

$549,500
Gilbert, AZ 85298
5 beds3 baths2,529 sqftSingle Family
The assumable advantage
6.93%
FHA assumed rate
$55,576 interest already paid off
Estimated Loan Balance$479,717
Cash to close$72,428
Est. Monthly PITI$3,789
Initial Loan Amount$485,144
Time on site50 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$69,783
Cash or secondary financing
Monthly savings
$18
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to your private oasis in the highly coveted Seville Golf & Country Club community! Nestled within the award-winning Chandler Unified School District, this spectacular 5-bedroom, 3-bathroom residence perfectly blends casual elegance with a resort-style lifestyle. Step inside to an open-concept layout bathed in natural light, featuring a chef-inspired kitchen complete with premium granite countertops, sleek cabinetry, and an expansive island perfect for entertaining. The versatile floor plan offers the ultimate flexibility, featuring a main-floor bedroom and full bath--ideal for guests, a home office, or multi-generational living. The real showstopper is your upgraded backyard sanctuary. Designed for effortless Arizona outdoor living, this private retreat is perfect for weekend BBQs, stargazing, or simply unwinding after a long day. Enjoy all the world-class amenities Seville has to offer, from championship golf and walking trails to club activities. Welcome home!

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 $69,783. 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

Bedrooms5
Bathrooms3
Square feet2,529
Property typeSingle Family
MLS #7004639
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)
$3,223/mo
Source est. payment (PITI)
$3,789/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$69,783

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

$0$69,783
Additional funds needed$0

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