Properties / 16509 W QUAIL RUN Road
FHA ASSUMABLERate: 3.06%

16509 W QUAIL RUN Road

$479,999
Surprise, AZ 85387
4 beds2 baths2,432 sqftSingle Family
The assumable advantage
3.06%
FHA assumed rate
$48,123 interest already paid off
Estimated Loan Balance$282,899
Cash to close$198,353
Est. Monthly PITI$1,812
Initial Loan Amount$317,149
Time on site50 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$197,100
Cash or secondary financing
Monthly savings
$1,475
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Welcome to 16509 W Quail Run Rd, where space, comfort, and Arizona living come together on an expansive 1.68-acre lot! 4 beds and 2 baths, bring your horses! Corrals added, 200'x115' sand arena, 40' round pen (will be de-rocked before sale). Detached garage is 1200 square feet. Home is located in the charming Dove Valley area of Surprise. A short drive to shopping, trailheads, and one of the fastest growing areas in Arizona. (Please note missing ceiling fan in living room will be installed).

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 $197,100. 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 feet2,432
Property typeSingle Family
MLS #7047438
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)
$1,356/mo
Source est. payment (PITI)
$1,812/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$197,100

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

$0$197,100
Additional funds needed$0

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