Properties / 12423 N 174TH Lane
FHA ASSUMABLERate: 5.3%

12423 N 174TH Lane

$429,900
Surprise, AZ 85388
3 beds2 baths1,487 sqftSingle Family
The assumable advantage
5.3%
FHA assumed rate
$83,148 interest already paid off
Estimated Loan Balance$357,697
Cash to close$72,738
Est. Monthly PITI$2,668
Initial Loan Amount$380,776
Time on site21 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$72,203
Cash or secondary financing
Monthly savings
$414
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Welcome home to this beautifully maintained, move in ready home with fresh interior paint, NEW carpet in the bedrooms, with tile & upgraded trim thru open concept living spaces. The bright modern kitchen with upgraded Espresso cabinets flows seamlessly into the spacious great room, creating the perfect setting for everyday living and entertaining. The primary suite offers generous closet space and bath with dual executive height vanity, while two additional bedrooms provide flexibility for family, guests ,or a home office. Enjoy a finished backyard showcasing pavers, fresh plantings and custom pergola on a quiet interior homesite. Located minutes from Loop 303, Prasada, and top rated schools, this home offers the ideal combo of convenience, comfort & modern style.

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 $72,203. 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 feet1,487
Property typeSingle Family
MLS #7066526
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)
$2,121/mo
Source est. payment (PITI)
$2,668/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$72,203

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

$0$72,203
Additional funds needed$0

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