Properties / 560 TOPEKA Drive
FHA ASSUMABLERate: 6.77%

560 TOPEKA Drive

$515,000
Wickenburg, AZ 85390
3 beds2 baths1,740 sqftSingle Family
The assumable advantage
6.77%
FHA assumed rate
$65,747 interest already paid off
Estimated Loan Balance$396,851
Cash to close$118,555
Est. Monthly PITI$3,132
Initial Loan Amount$407,000
Time on site29 days
Remaining Term27 years, 7 months
Seller's equity (what you pay)
$118,149
Cash or secondary financing
Monthly savings
$386
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome to your own slice of Wickenburg, where mountain views, wide-open space and no HOA give you the freedom to truly make this property your own. Set on a hillside lot of more than half an acre, this inviting 3-bedroom, 2-bath home offers an extra-long driveway, a 3-car garage and plenty of room for guests and vehicles. Inside, vaulted ceilings create an open, airy feel, while warm wood-style flooring and a cozy gas fireplace make the living space feel like home. The eat-in kitchen features a sunny breakfast nook, breakfast bar, pantry, classic oak cabinetry and generous counter space. The spacious primary suite includes a walk-in closet, dual sinks, a soaking tub and a separate shower. A bonus office space and garage workshop provide even more flexibility for working, creating or tackling your next project. Step outside to the huge, fenced backyard--a blank canvas ready for entertaining, gardening, play areas or the outdoor retreat you have always imagined. Enjoy peaceful desert living, beautiful mountain scenery and plenty of room to spread out!

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 $118,149. 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 feet1,740
Property typeSingle Family
MLS #7063479
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)
$2,651/mo
Source est. payment (PITI)
$3,132/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$118,149

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

$0$118,149
Additional funds needed$0

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