Properties / 21387 N ELBA Road
FHA ASSUMABLERate: 6.49%

21387 N ELBA Road

$530,000
Maricopa, AZ 85138
3 beds3 baths2,500 sqftSingle Family
The assumable advantage
6.49%
FHA assumed rate
$62,668 interest already paid off
Estimated Loan Balance$459,391
Cash to close$71,562
Est. Monthly PITI$3,541
Initial Loan Amount$468,808
Time on site50 days
Remaining Term28 years
Seller's equity (what you pay)
$70,609
Cash or secondary financing
Monthly savings
$157
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

The moment you enter this beautiful home you will be impressed by the grand 6ft wide hallway. From there explore the oversized bedrooms with Jack and Jill bathroom. Spacious office with custom glass doors. The kitchen has more cabinets than you will probably use and a gigantic pantry. Cute breakfast nook and spacious family room with views of the beautiful back yard. The custom fountain is gorgeous and lights up at night. Master bathroom is beautiful with super shower, and the closet has so much space and you can enter from the bathroom or the laundry room. Other features: whole house water filtration system, soft water, RO with alkaline filter, tankless water heater, plumbed for laundry sink, custom shutters throughout. All the benefits of a new build but move in ready. owner/agent

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 $70,609. 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

Bedrooms3
Bathrooms3
Square feet2,500
Property typeSingle Family
MLS #7048563
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)
$2,969/mo
Source est. payment (PITI)
$3,541/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$70,609

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

$0$70,609
Additional funds needed$0

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