Properties / 3382 E Grand View Drive
FHA ASSUMABLERate: 2.98%

3382 E Grand View Drive

$319,000
Cottonwood, AZ 86326
2 beds2 baths1,217 sqftSingle Family
The assumable advantage
2.98%
FHA assumed rate
$16,555 interest already paid off
Estimated Loan Balance$104,300
Cash to close$216,071
Est. Monthly PITI$787
Initial Loan Amount$115,556
Time on site50 days
Remaining Term25 years
Seller's equity (what you pay)
$214,700
Cash or secondary financing
Monthly savings
$1,387
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

This charming 2-bedroom plus office/bedroom , 2-bathroom home in the heart of Cottonwood offers the perfect blend of modern comfort and easy Arizona living. Built in 2015, this well-maintained residence features an open-concept layout with 1,217 square feet of bright, airy living space. It sits on a double lot and includes a new storage building. The best part is the covered front porch. You will find yourself spending hours with friends and family enjoying this outdoor space.

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 $214,700. 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 feet1,217
Property typeSingle Family
MLS #6999317
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)
$494/mo
Source est. payment (PITI)
$787/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$214,700

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

$0$214,700
Additional funds needed$0

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