Properties / 42068 W MILLER Lane
FHA ASSUMABLERate: 6.93%

42068 W MILLER Lane

$285,000
Maricopa, AZ 85138
2 beds2 baths1,379 sqftSingle Family
The assumable advantage
6.93%
FHA assumed rate
$30,988 interest already paid off
Estimated Loan Balance$266,997
Cash to close$18,992
Est. Monthly PITI$2,283
Initial Loan Amount$270,509
Time on site50 days
Remaining Term28 years, 4 months
Seller's equity (what you pay)
$18,003
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

**FURNISHED!** TURNKEY 2 BR/2 BA home on a corner lot! Close to clubhouse and amenities! Lots of natural light AND upgrades including 20'' tile floor, upgraded carpet and pad, upgraded maple cabinets, bay windows in both the primary BR and guest BR, large kitchen island, gas range, new refrigerator, dishwasher, microwave, garbage disposer. Up/Down honeycomb duets window treatments, extended back patio with brick pavers, huge 4' extended garage w/ built-in cabinets. Province is an Award-winning Active Adult community which includes over 25 miles of walking paths, indoor and resort-style outdoor heated pool and spas, fitness center, card room, billiards, craft rooms, sewing, ceramics, computer room, library, yoga, bocci ball, pickleball, tennis, daily activities, community events, and more

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 $18,003. 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

Bedrooms2
Bathrooms2
Square feet1,379
Property typeSingle Family
MLS #7032143
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)
$1,795/mo
Source est. payment (PITI)
$2,283/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$18,003

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

$0$18,003
Additional funds needed$0

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