Properties / 5402 N RATTLER Way
FHA ASSUMABLERate: 3.86%

5402 N RATTLER Way

$440,000
Litchfield Park, AZ 85340
4 beds3 baths2,984 sqftSingle Family
The assumable advantage
3.86%
FHA assumed rate
$92,925 interest already paid off
Estimated Loan Balance$177,047
Cash to close$264,029
Est. Monthly PITI$1,576
Initial Loan Amount$235,820
Time on site50 days
Remaining Term18 years, 6 months
Seller's equity (what you pay)
$262,953
Cash or secondary financing
Monthly savings
$1,478
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

This is a GEM of home in the highly sought-after neighborhood of Wigwam Creek North. The spacious and desirable floor plan includes 4 bedrooms, a loft, a den, and 2.5 baths. The beautifully maintained kitchen features stainless steel appliances. The dining room flows into an impressive living area with soaring ceilings of over 20 feet. The master bedroom is generously sized and boasts a HUGE walk-in closet. The garage features epoxy flooring and a designated work area. The backyard offers a covered patio and a well-maintained grassy area. Plus, it's only three houses away from a neighborhood park with basketball courts and plenty of play equipment for family enjoyment!

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 $262,953. 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 feet2,984
Property typeSingle Family
MLS #7054305
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)
$1,117/mo
Source est. payment (PITI)
$1,576/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$262,953

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

$0$262,953
Additional funds needed$0

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