Properties / 7015 W BLACKHAWK Drive
FHA ASSUMABLERate: 6.5%

7015 W BLACKHAWK Drive

$569,000
Glendale, AZ 85308
5 beds3 baths2,297 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$64,163 interest already paid off
Estimated Loan Balance$512,046
Cash to close$59,033
Est. Monthly PITI$3,891
Initial Loan Amount$520,400
Time on site47 days
Remaining Term28 years, 2 months
Seller's equity (what you pay)
$56,954
Cash or secondary financing
Monthly savings
$50
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Beautiful 5-bedroom, 3-bath home located in the highly sought-after Arrowhead Ranch community. Paid off Solar, this spacious residence offers an open and functional floor plan with generous living areas, abundant natural light, and a layout ideal for both everyday living and entertaining. The kitchen provides ample space for cooking and gathering, while the comfortable bedrooms offer flexibility for family, guests, or a home office. Step outside to a private backyard perfect for relaxing or hosting. Conveniently located near top-rated schools, parks, golf courses, shopping, dining, and with easy freeway access. A great opportunity to own in one of the area's premier neighborhoods.

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 $56,954. 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

Bedrooms5
Bathrooms3
Square feet2,297
Property typeSingle Family
MLS #7028722
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)
$3,306/mo
Source est. payment (PITI)
$3,891/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$56,954

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

$0$56,954
Additional funds needed$0

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