Properties / 425 CEDAR Street
FHA ASSUMABLERate: 7%

425 CEDAR Street

$315,000
Page, AZ 86040
4 beds2 baths1,510 sqftSingle Family
The assumable advantage
7%
FHA assumed rate
$217,749 interest already paid off
Estimated Loan Balance$126,076
Cash to close$192,921
Est. Monthly PITI$1,677
Initial Loan Amount$194,880
Time on site50 days
Remaining Term11 years, 4 months
Seller's equity (what you pay)
$188,924
Cash or secondary financing
Monthly savings
$513
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

A Lovely And Spacious 4 bedroom, 2 bath Home that offers comfort for everyday living, The home has 1,510 square feet of living area along with a pellet stove, movable kitchen Island, tile/ carpet flooring, laminate counter tops, Electric stove, refrigerator, washer and Dryer included. Enjoy the fully fenced Backyard, which is great for having guests over for a cookout or watching kids play as well as pets, Along with RV Parking for any adventures you would like to take. This Home has a blend of space, functionality, and outdoor freedom with a kids playground and a high school within walking distance.

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 $188,924. 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
Bathrooms2
Square feet1,510
Property typeSingle Family
MLS #6978412
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,677/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$188,924

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

$0$188,924
Additional funds needed$0

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