Properties / 13212 N 31ST Avenue
FHA ASSUMABLERate: 6.87%

13212 N 31ST Avenue

$317,000
Phoenix, AZ 85029
2 beds1 baths1,300 sqftSingle Family
The assumable advantage
6.87%
FHA assumed rate
$27,590 interest already paid off
Estimated Loan Balance$252,522
Cash to close$65,181
Est. Monthly PITI$2,011
Initial Loan Amount$255,646
Time on site50 days
Remaining Term28 years, 6 months
Seller's equity (what you pay)
$64,478
Cash or secondary financing
Monthly savings
$184
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

This adorable single-story home is the one for you! Featuring a grassy landscape and RV gates! Inside, you'll find bright and open living areas perfect for entertaining and relaxation, boasting tile flooring, abundant natural light pouring in, a cozy fireplace perfect for chilly evenings, and neutral paint that complements any style of decor. The spotless kitchen displays track lights, white shaker cabinets, a granite peninsula, and built-in essentials for a seamless cooking experience. Two spacious bedrooms promise a good night's rest, with one full bathroom for convenience. The expansive backyard is ready for your personal touch with plenty of space for entertaining and storage. No HOA restrictions! Don't miss it!

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 $64,478. 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
Bathrooms1
Square feet1,300
Property typeSingle Family
MLS #7036684
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)
$1,685/mo
Source est. payment (PITI)
$2,011/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$64,478

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

$0$64,478
Additional funds needed$0

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