Properties / 187 S 172ND Drive
FHA ASSUMABLERate: 3.86%

187 S 172ND Drive

$479,000
Goodyear, AZ 85338
4 beds3 baths2,445 sqftSingle Family
The assumable advantage
3.86%
FHA assumed rate
$95,337 interest already paid off
Estimated Loan Balance$183,831
Cash to close$298,461
Est. Monthly PITI$1,671
Initial Loan Amount$241,942
Time on site50 days
Remaining Term18 years, 6 months
Seller's equity (what you pay)
$295,169
Cash or secondary financing
Monthly savings
$1,665
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

BACK ON MARKET. with current completed full home inspection,.. Sought after well-established Canyon Trails property featuring rental income producing casita with full bath and walk-in closet. Well laid out floor plan with spacious granite kitchen, bar overhang, breakfast bar and pantry. Covered patio entry, backyard covered patio, RV gate and 3 types of mature citrus trees + pomegranate tree. Master bedroom with walk-in closet, dual sinks, separate shower tub and double door office space. Garage 1 and BR4 has been converted into casita with separate entry . Convenient proximity to shops, schools and 303/I-10.

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 $295,169. 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
Bathrooms3
Square feet2,445
Property typeSingle Family
MLS #6990114
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)
$1,160/mo
Source est. payment (PITI)
$1,671/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$295,169

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

$0$295,169
Additional funds needed$0

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