Properties / 8327 W ILLINI Street
FHA ASSUMABLERate: 6.6%

8327 W ILLINI Street

$410,999
Tolleson, AZ 85353
3 beds2 baths1,503 sqftSingle Family
The assumable advantage
6.6%
FHA assumed rate
$42,762 interest already paid off
Estimated Loan Balance$385,984
Cash to close$25,397
Est. Monthly PITI$2,856
Initial Loan Amount$392,162
Time on site21 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$25,015
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to this beautiful 3-bedroom, 2-bathroom home built in 2024, offering modern living in a desirable community! ✨ One of the standout features of this home is the RV gate--and it's the only home in the community with one, giving you added flexibility for your RV, toys, trailer, or extra outdoor storage. Built with today's lifestyle in mind, this home offers a functional layout, contemporary finishes, and the peace of mind of newer construction

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 $25,015. 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 feet1,503
Property typeSingle Family
MLS #7069594
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)
$2,510/mo
Source est. payment (PITI)
$2,856/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$25,015

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

$0$25,015
Additional funds needed$0

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