Properties / 800 S MONTANA Drive
FHA ASSUMABLERate: 2.68%

800 S MONTANA Drive

$449,000
Payson, AZ 85541
3 beds4 baths2,096 sqftSingle Family
The assumable advantage
2.68%
FHA assumed rate
$41,309 interest already paid off
Estimated Loan Balance$257,886
Cash to close$191,730
Est. Monthly PITI$1,659
Initial Loan Amount$294,566
Time on site41 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$191,114
Cash or secondary financing
Monthly savings
$1,451
Versus today's market rate
Est. savings per year
$17K
Versus today's market rate

About this home

Enjoy mountain living with scenic views in this 3-bedroom, 4-bathroom home located in the desirable community of Payson, Arizona, just moments from Green Valley Lake. Designed for comfort and privacy, each bedroom serves as its own private suite, complete with a dedicated bathroom and walk-in closet, making this home ideal for guests or multi-generational living. The spacious floor plan features a welcoming living area with a cozy gas fireplace, a perfect gathering space during cooler mountain evenings. The primary suite includes a sitting room, a large walk-in closet, and a luxurious ensuite bathroom with a jetted tub. An additional room off the garage offers flexibility for a home office, hobby room, fitness space, or extra storage. Large windows with energy-efficient three-pane glass bring in natural light while enhancing year-round comfort. Ceiling fans are installed throughout the home, and recent updates include new windows installed approximately two years ago, a newer hot water heater, and a roof replaced in 2024. Outdoor living is just as impressive with a spacious patio and 2 balconies that capture sweeping city and mountain views. HOA-maintained landscaping allows for low-maintenance living, giving you more time to enjoy the surrounding area. Located close to Green Valley Lake, shopping, dining, and essentials, this home has a functional layout, thoughtful updates, and an exceptional location in one of Payson's most desirable neighborhoods.

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 $191,114. 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
Bathrooms4
Square feet2,096
Property typeSingle Family
MLS #7061308
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)
$1,197/mo
Source est. payment (PITI)
$1,659/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$191,114

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

$0$191,114
Additional funds needed$0

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