Properties / 8790 E Totem Circle
FHA ASSUMABLERate: 3.61%

8790 E Totem Circle

$349,990
Prescott Valley, AZ 86314
4 beds2 baths1,673 sqftSingle Family
The assumable advantage
3.61%
FHA assumed rate
$40,415 interest already paid off
Estimated Loan Balance$151,602
Cash to close$199,077
Est. Monthly PITI$1,119
Initial Loan Amount$175,757
Time on site50 days
Remaining Term23 years, 2 months
Seller's equity (what you pay)
$198,388
Cash or secondary financing
Monthly savings
$1,258
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Tucked away on a quiet cul-de-sac, this well-maintained 4-bedroom, 2-bathroom home offers 1,673 square feet of comfortable living space with a flexible floor plan designed to fit a variety of needs. The spacious family room welcomes you with abundant natural light and warm, inviting finishes, creating the perfect gathering space. The kitchen serves as the heart of the home, featuring granite countertops, abundant cabinetry, and a seamless connection to the dining area for easy everyday living and entertaining. Beautiful vinyl flooring extends throughout much of the home, adding both style and durability. The primary suite provides a private retreat with an ensuite bathroom, while the additional bedrooms offer versatility for guests, hobbies, or workspace needs. A generously sized bonus room expands the possibilities even further and could function as a home office, game room, fitness space, media room, or additional sleeping area. Outside, you'll find plenty of room to enjoy the Arizona outdoors with a large open deck, partially fenced yard, Mingus Mountain views, and a substantial 20' x 15' storage shed. Ample parking space adds convenience, making this property as practical as it is inviting. Seller is willing to credit buyer $1000 towards buyers closing costs at close of escrow.

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 $198,388. 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 feet1,673
Property typeSingle Family
MLS #7055668
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)
$806/mo
Source est. payment (PITI)
$1,119/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$198,388

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

$0$198,388
Additional funds needed$0

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