Properties / 10433 W LAURIE Lane
FHA ASSUMABLERate: 3.1%

10433 W LAURIE Lane

$349,999
Peoria, AZ 85345
2 beds2 baths1,243 sqftSingle Family
The assumable advantage
3.1%
FHA assumed rate
$43,245 interest already paid off
Estimated Loan Balance$283,534
Cash to close$66,465
Est. Monthly PITI$1,780
Initial Loan Amount$314,204
Time on site20 days
Remaining Term25 years, 5 months
Seller's equity (what you pay)
$66,465
Cash or secondary financing
Monthly savings
$719
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

NEW ROOF, NEW AC, NEW ELECTRICAL PANEL, and UPDATED MASTER SHOWER on a golf course lot with NO HOA! Seller is open to contributing toward the solar balance to transfer the lease. Welcome to this cozy single-level home in Peoria featuring 2 bedrooms, 2 bathrooms, and approximately 1,243 square feet. The kitchen offers attractive cabinetry, stainless-steel appliances, an electric range, dishwasher, disposal, built-in microwave, refrigerator, and pantry. Prime Peoria location near Loop 101, Park West, Westgate Entertainment District, State Farm Stadium, shopping, dining, parks, and entertainment--with convenient access throughout the West Valley.

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 $66,465. 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

Bedrooms2
Bathrooms2
Square feet1,243
Property typeSingle Family
MLS #7069770
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)
$1,345/mo
Source est. payment (PITI)
$1,780/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$66,465

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

$0$66,465
Additional funds needed$0

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