Properties / 6745 E ESCAPE Avenue
FHA ASSUMABLERate: 6.64%

6745 E ESCAPE Avenue

$315,000
Florence, AZ 85132
4 beds2 baths1,521 sqftSingle Family
The assumable advantage
6.64%
FHA assumed rate
$50,170 interest already paid off
Estimated Loan Balance$298,211
Cash to close$17,104
Est. Monthly PITI$2,339
Initial Loan Amount$306,348
Time on site35 days
Remaining Term27 years, 6 months
Seller's equity (what you pay)
$16,789
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

WELCOME HOME to this STUNNING, open concept floor plan in the East Valley's growing and coveted community of MAGIC RANCH. This HIGHLY UPGRADED 4 bedroom/2 bath home has been METICULOUSLY MAINTAINED and spares no missed detail. Beautiful kitchen with quartz countertops, newer appliances and lots of natural light. UPDATED plank flooring and carpet. NEWER AC. BIG, private backyard. The community features, parks, walking paths and the pride of living in one of the valley's most developing areas. Close to dining and shopping.. This home is a MUST SEE!

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 $16,789. 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 feet1,521
Property typeSingle Family
MLS #7063395
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)
$1,969/mo
Source est. payment (PITI)
$2,339/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$16,789

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

$0$16,789
Additional funds needed$0

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