Properties / 21585 N BACKUS Drive
FHA ASSUMABLERate: 6.54%

21585 N BACKUS Drive

$509,700
Maricopa, AZ 85138
5 beds3 baths3,016 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$100,817 interest already paid off
Estimated Loan Balance$455,052
Cash to close$56,710
Est. Monthly PITI$3,644
Initial Loan Amount$471,306
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$54,648
Cash or secondary financing
Monthly savings
$1
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Golf Course Poolside Living! Spacious Maricopa home featuring a flexible formal living room off the entry, with a separate formal dining area through an elegant archway. The main family room impresses with soaring vaulted ceilings, statement staircase, cozy fireplace & abundant natural light, flowing into the kitchen with light oak cabinetry, granite countertops, center island, breakfast bar seating, eat-in dining area, extensive cabinetry, large windows & direct backyard access. Downstairs also includes a bedroom, full bath & separate laundry room for added convenience. Upstairs opens to a versatile loft space, while the primary suite features vaulted ceilings, abundant natural light & an ensuite with dual vanities, separate soaking tub, glass walk-in shower & oversized walk-in closet. Three additional upstairs bedrooms all include ceiling fans & share a full bath with shower/tub combo. The backyard is designed for entertaining with a sparkling pool, waterfall feature, built-in BBQ, covered patio & golf course views through wrought iron fencing. Located in a community with parks, playgrounds & ponds woven through the golf course, plus convenient access to shopping, dining & recreation.

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 $54,648. 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 feet3,016
Property typeSingle Family
MLS #7028131
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)
$3,005/mo
Source est. payment (PITI)
$3,644/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$54,648

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

$0$54,648
Additional funds needed$0

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