Properties / 5624 N 30TH Drive
FHA ASSUMABLERate: 3.54%

5624 N 30TH Drive

$319,900
Phoenix, AZ 85017
3 beds1 baths1,348 sqftSingle Family
The assumable advantage
3.54%
FHA assumed rate
$40,744 interest already paid off
Estimated Loan Balance$98,972
Cash to close$220,928
Est. Monthly PITI$880
Initial Loan Amount$127,645
Time on site0 days
Remaining Term19 years, 11 months
Seller's equity (what you pay)
$220,928
Cash or secondary financing
Monthly savings
$1,309
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome to this 3-bedroom, 1-bath home located near Grand Canyon University! The bright interior features neutral finishes, wood-look flooring, and a functional floor plan with plenty of natural light. Conveniently situated near shopping, dining, schools, and major freeways, this property offers a great opportunity for a first-time buyer, owner-occupant, or investor. Come see the possibilities this home has to offer!

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 $220,928. 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
Bathrooms1
Square feet1,348
Property typeSingle Family
MLS #7079078
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)
$578/mo
Source est. payment (PITI)
$880/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$220,928

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

$0$220,928
Additional funds needed$0

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