Properties / 5341 W MARCUS Drive
FHA ASSUMABLERate: 5.41%

5341 W MARCUS Drive

$408,900
Phoenix, AZ 85083
3 beds3 baths1,469 sqftSingle Family
The assumable advantage
5.41%
FHA assumed rate
$86,324 interest already paid off
Estimated Loan Balance$389,353
Cash to close$21,769
Est. Monthly PITI$2,883
Initial Loan Amount$410,428
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$19,547
Cash or secondary financing
Monthly savings
$87
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Don't miss this opportunity to own this stunning, well maintained home in the ever desirable Stetson Valley Community, in North Phoenix. Just North of Happy Valley, close to shopping, and only a few minutes away from the up-and-coming Shops at Trailhead (83rd Ave & Happy Valley), with great dining and shopping options. If you like hiking, and other recreational activities, you will find Deem Hills Park about 5 minutes away, with Basketball court, Dog park, Pickleball court, Soccer field, Tennis & Volleyball courts. The house itself is a well laid out 3 bedroom 2.5 bath home, cleverly constructed to take advantage of every square inch of space. Many upgrades have been recently made, and a list of those upgrades can be provided upon request. All I can say is Welcome Home!!!

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 $19,547. 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
Bathrooms3
Square feet1,469
Property typeSingle Family
MLS #7027346
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)
$2,324/mo
Source est. payment (PITI)
$2,883/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$19,547

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

$0$19,547
Additional funds needed$0

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