Properties / 2551 N 73RD Drive
FHA ASSUMABLERate: 3.22%

2551 N 73RD Drive

$369,000
Phoenix, AZ 85035
3 beds3 baths1,675 sqftSingle Family
The assumable advantage
3.22%
FHA assumed rate
$49,726 interest already paid off
Estimated Loan Balance$319,590
Cash to close$48,737
Est. Monthly PITI$2,140
Initial Loan Amount$353,479
Time on site2 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$49,410
Cash or secondary financing
Monthly savings
$643
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Beautiful Homes amazing private and public amenities! Located near an entertainment district; EOS Gym, Desert Sky Mall, Ak-Chin Pavilion, and Grand Canyon University Golf Course to mention a few. This 3 bedroom 2.5 bathroom with open floor plan & 10' ceilings features an upgraded kitchen with quartz and large kitchen Island, making this the perfect kitchen to cook with the family. Large dining room and living room are all located downstairs. Bedroom's are located upstairs for your privacy, master bathroom with double sinks and separate shower and bath. Laundry Room conveniently across the hall room from bedrooms. Community features a community pool, parks, greenbelts, children's playground and guest parking.

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 $49,410. 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

Bedrooms3
Bathrooms3
Square feet1,675
Property typeSingle Family
MLS #7076985
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)
$1,533/mo
Source est. payment (PITI)
$2,140/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$49,410

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

$0$49,410
Additional funds needed$0

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