Properties / 35531 W BAY Circle
FHA ASSUMABLERate: 7.18%

35531 W BAY Circle

$325,000
Tonopah, AZ 85354
3 beds2 baths1,513 sqftSingle Family
The assumable advantage
7.18%
FHA assumed rate
$3,497 interest already paid off
Estimated Loan Balance$16,923
Cash to close$308,096
Est. Monthly PITI$352
Initial Loan Amount$17,476
Time on site33 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$308,077
Cash or secondary financing
Monthly savings
$1,796
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Enjoy peaceful country living with plenty of room to make this property your own! This charming home offers a functional layout with a bright kitchen featuring white cabinetry, stainless steel appliances, ample counter space, and a center island perfect for additional prep and seating. A dedicated laundry area provides extra storage and workspace for added convenience. Outside, you'll find an expansive lot with plenty of open space for parking, outdoor projects, recreational toys, animals, or creating your dream desert retreat. Covered outdoor areas provide additional space to relax and enjoy the Arizona lifestyle. If you're looking for privacy, space, and endless possibilities away from the hustle and bustle, this property is a must-see!

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 $308,077. 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 feet1,513
Property typeSingle Family
MLS #7064445
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)
$121/mo
Source est. payment (PITI)
$352/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$308,077

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

$0$308,077
Additional funds needed$0

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