Properties / 5419 W BUTLER Drive
FHA ASSUMABLERate: 6.95%

5419 W BUTLER Drive

$300,000
Glendale, AZ 85302
2 beds3 baths1,696 sqftSingle Family
The assumable advantage
6.95%
FHA assumed rate
$1,812 interest already paid off
Estimated Loan Balance$9,935
Cash to close$290,065
Est. Monthly PITI$342
Initial Loan Amount$10,248
Time on site18 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$290,065
Cash or secondary financing
Monthly savings
$1,700
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Welcome to 5419 W Butler Dr, a spacious 2-bedroom, 2.5-bath Glendale home offering 1,696 square feet, dual primary suites and recent updates throughout. Fresh interior paint, new flooring on the stairs and in the bedrooms, and updated appliances give the home a refreshed feel. The main level features a generous living area, tile flooring and a functional kitchen with ample storage, a breakfast bar and a formal dining room. Upstairs, both oversized primary suites feature a private ensuite bathroom and walk-in closet, offering exceptional space and privacy. From the dining room, french doors lead to a private fenced backyard with a covered patio and pavers, creating an inviting space to relax or entertain in the Arizona Sun. Additional highlights include inside laundry, two assigned cover covered parking spaces, plus access to the community pool and sport court. When it's time to get out and explore, you're close to Sahuaro Ranch Park, Historic Downtown Glendale, local dining and shopping, with Westgate Entertainment District, State Farm Stadium and Desert Diamond Arena just a drive away for games, concerts and nights out.

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 $290,065. 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
Bathrooms3
Square feet1,696
Property typeSingle Family
MLS #7070595
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)
$69/mo
Source est. payment (PITI)
$342/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$290,065

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

$0$290,065
Additional funds needed$0

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