Properties / 2785 N Brook Street
FHA ASSUMABLERate: 7.44%

2785 N Brook Street

$269,999
Kingman, AZ 86401
4 beds2 baths1,549 sqftSingle Family
The assumable advantage
7.44%
FHA assumed rate
$49,225 interest already paid off
Estimated Loan Balance$246,576
Cash to close$24,975
Est. Monthly PITI$2,066
Initial Loan Amount$251,225
Time on site36 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$23,423
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Beautiful 4d, 2Ba home. Part of garage has been converted into a stunning bedroom/office suite for the 4th bedroom. Well-kept with tile flooring & granite countertops throughout, New AC in 2023 + New split unit. Block wall fencing, with gravel rear yard + covered patio for gatherings. Located in fantastic neighborhood and near great schools in Kingman! This is a beautiful home, come see it before it's gone! This property is centrally located and close to all amenities

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 $23,423. 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 feet1,549
Property typeSingle Family
MLS #036619
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)
$1,759/mo
Source est. payment (PITI)
$2,066/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$23,423

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

$0$23,423
Additional funds needed$0

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