Properties / 1205 E CHAMBERS Street
FHA ASSUMABLERate: 6.73%

1205 E CHAMBERS Street

$395,000
Phoenix, AZ 85040
3 beds3 baths1,409 sqftSingle Family
The assumable advantage
6.73%
FHA assumed rate
$32,561 interest already paid off
Estimated Loan Balance$249,806
Cash to close$145,194
Est. Monthly PITI$2,016
Initial Loan Amount$254,951
Time on site0 days
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$145,194
Cash or secondary financing
Monthly savings
$677
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Fall in love with this charming 2-story corner-lot home in the Sagecrest Community! Featuring 3 beds, 2 baths + powder room, a low-care landscape, 2-car garage, and RV gate & parking. The interior boasts high ceilings, abundant natural light, plush carpet & tile floors throughout, and an inviting living area. Further in, the family room flows into the eat-in kitchen, equipped with wood cabinetry, SS appliances, and a two-tier island w/breakfast bar, while sliding glass doors promote easy indoor-outdoor living. The main bedroom includes a private bath and a walk-in closet. The backyard offers an extensive paver patio and artificial turf, ideal for relaxing and entertaining. Conveniently located near schools, Nueve Park & El Reposo Park, with access to Southern Avenue. Don't miss this gem!

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 $145,194. 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
Bathrooms3
Square feet1,409
Property typeSingle Family
MLS #7079626
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)
$1,652/mo
Source est. payment (PITI)
$2,016/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$145,194

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

$0$145,194
Additional funds needed$0

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