Properties / 18815 E SEAGULL Drive
FHA ASSUMABLERate: 6.5%

18815 E SEAGULL Drive

$475,000
Queen Creek, AZ 85142
5 beds3 baths2,109 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$40,622 interest already paid off
Estimated Loan Balance$438,617
Cash to close$36,817
Est. Monthly PITI$3,333
Initial Loan Amount$444,444
Time on site39 days
Remaining Term28 years, 8 months
Seller's equity (what you pay)
$36,383
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

Welcome to this spacious two-story home in one of Queen Creek's most desirable communities. Do you need flexible spaces to fit your lifestyle? This home offers versatile spaces that can easily adapt to your needs whether it is entertaining space, a home office, or an additional bedroom. Located just off the front entry, this flexible space can serve as a traditional dining room, home office, study, playroom, or whatever works best for your lifestyle. The upstairs room with beautiful glass-paned double doors is a unique bonus space that can function as a bedroom, home office, workout room, playroom, or private retreat. Walking distance to the Community Pool and school. Enjoy outdoor living off your private patio and the oversized driveway is a great area for basketball and other games.

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 $36,383. 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 feet2,109
Property typeSingle Family
MLS #7061306
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)
$2,815/mo
Source est. payment (PITI)
$3,333/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$36,383

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

$0$36,383
Additional funds needed$0

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