Properties / 2110 W MORROW Drive
FHA ASSUMABLERate: 4.98%

2110 W MORROW Drive

$450,000
Phoenix, AZ 85027
4 beds2 baths2,071 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$67,104 interest already paid off
Estimated Loan Balance$307,654
Cash to close$143,786
Est. Monthly PITI$2,299
Initial Loan Amount$327,635
Time on site50 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$142,346
Cash or secondary financing
Monthly savings
$888
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

No HOA, New AC, EV Charger, Huge 18' X 36' pebble tech pool, spa, parking for 7 vehicles and a huge work shop. This lovely 4-bedroom property welcomes you with an attached carport, RV gates, and a fenced yard with inviting front patio and mature trees for natural shade. tranquil living room with crown molding, plantation shutters, recessed lighting, and wood-look flooring. The eat in kitchen comes with granite counters with a matching backsplash, wood cabinetry, and stainless appliances. The main bedroom features, a private bathroom, and nice walk-in closet. Versatile bonus room ideal for a lounge or an extra bedroom. Massive yard with an open patio, a relaxing spa, a storage shed, and a refreshing pool for cooling down on hot days.

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 $142,346. 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

Bedrooms4
Bathrooms2
Square feet2,071
Property typeSingle Family
MLS #7040327
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)
$1,766/mo
Source est. payment (PITI)
$2,299/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$142,346

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

$0$142,346
Additional funds needed$0

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