Properties / 6427 W SHAW BUTTE Drive
FHA ASSUMABLERate: 6.9%

6427 W SHAW BUTTE Drive

$524,900
Glendale, AZ 85304
4 beds3 baths2,486 sqftSingle Family
The assumable advantage
6.9%
FHA assumed rate
$2,213 interest already paid off
Estimated Loan Balance$13,574
Cash to close$511,341
Est. Monthly PITI$390
Initial Loan Amount$13,926
Time on site30 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$511,326
Cash or secondary financing
Monthly savings
$3,003
Versus today's market rate
Est. savings per year
$36K
Versus today's market rate

About this home

Welcome to this remarkably versatile single-story residence offering flexible living space, energy efficiency, and total freedom with no HOA. Situated on a generous 0.23-acre (10206) this 4-bedroom, 3-bathroom home spans 2,486 square feet designed for modern convenience and multi-generational comfort. A 220V connection ready in the garage, owned solar on the roof and a RV gate are just a few of the amenities this property has to offer. The 'Mother in Law'' set up offers it's own private access as well as access from the interior. This property has had the upgrades installed and is ready for your personal touch or move in and start livin!

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 $511,326. 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
Bathrooms3
Square feet2,486
Property typeSingle Family
MLS #7065733
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)
$93/mo
Source est. payment (PITI)
$390/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$511,326

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

$0$511,326
Additional funds needed$0

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