Properties / 1624 W NIGHTHAWK Way
FHA ASSUMABLERate: 6.5%

1624 W NIGHTHAWK Way

$669,000
Phoenix, AZ 85045
3 beds2 baths2,209 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$23,251 interest already paid off
Estimated Loan Balance$388,760
Cash to close$280,612
Est. Monthly PITI$3,119
Initial Loan Amount$392,020
Time on site50 days
Remaining Term29 years, 1 month
Seller's equity (what you pay)
$280,240
Cash or secondary financing
Monthly savings
$1,462
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Seller is willing to give the Buyer some Cocessions. This phenomenal 3 bed, 2 bath home with a den, located in the desirable Foothills Club West community is just what you have been looking for. Nestled in a large corner pie shaped lot this home offers a larger sized backyard with multiple seating areas & sparkling clean pool. Perfect for entertaining or just relaxing in your own personal oasis. The interior boasts a beautifully maintained, open & spacious floorplan. Designed with neutral colors & several living spaces along with a separate guest area perfect for those guests. The kitchen is a chef's dream - all updated and equipped with a gas stove, stunning granite countertops, beautiful cabinets & ample space for cooking & dining. Owners have taken meticulous care of this home. Other features include recessed lighting and pennant lighting which brightens up the kitchen even more. Primary bathroom has updated tile, glass shower doors, shower tile surround, light fixtures and plumbing fixtures. The community has a rec center, tennis courts, basketball court and play area. Mountain views all around in the community with biking, hiking trails and restaurants, shopping near by.

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 $280,240. 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
Bathrooms2
Square feet2,209
Property typeSingle Family
MLS #7033518
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)
$2,483/mo
Source est. payment (PITI)
$3,119/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$280,240

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

$0$280,240
Additional funds needed$0

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