Properties / 2550 E 15th Street
FHA ASSUMABLERate: 6.5%

2550 E 15th Street

$179,900
Douglas, AZ 85607
2 beds2 baths1,332 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$16,328 interest already paid off
Estimated Loan Balance$135,745
Cash to close$44,155
Est. Monthly PITI$1,144
Initial Loan Amount$138,380
Time on site50 days
Remaining Term28 years, 3 months
Seller's equity (what you pay)
$44,155
Cash or secondary financing
Monthly savings
$185
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

This spacious well maintained 2 Bedroom 2 Bath Townhome is situated in Geronimo Trail Townhouses. It features a Spacious Living Room, Nice kitchen with appliances included, Cozy back patio for evening relaxation.

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 $44,155. 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 feet1,332
Property typeSingle Family
MLS #7019160
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)
$876/mo
Source est. payment (PITI)
$1,144/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$44,155

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

$0$44,155
Additional funds needed$0

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