Properties / 16516 W ALAMEDA Road
FHA ASSUMABLERate: 3.06%

16516 W ALAMEDA Road

$419,900
Surprise, AZ 85387
4 beds2 baths1,793 sqftSingle Family
The assumable advantage
3.06%
FHA assumed rate
$47,823 interest already paid off
Estimated Loan Balance$281,139
Cash to close$140,007
Est. Monthly PITI$1,837
Initial Loan Amount$315,175
Time on site50 days
Remaining Term24 years, 10 months
Seller's equity (what you pay)
$138,761
Cash or secondary financing
Monthly savings
$1,128
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Welcome to this beautiful 4 bedroom, 2 bath home in the highly sought after master planned community of Asante in Surprise! Offering 1,797 square feet of thoughtfully designed living space, this home features a desirable split floor plan that provides privacy and functionality. The open-concept layout is perfect for both everyday living and entertaining, with a beautifully upgraded kitchen showcasing stainless steel appliances, modern finishes, and plenty of space to gather. The spacious living and dining areas flow seamlessly together, creating a bright and welcoming atmosphere. Situated on a premium corner lot, this home offers added privacy and curb appeal. Enjoy all that the Asante community has to offer.

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 $138,761. 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 feet1,793
Property typeSingle Family
MLS #7052284
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)
$1,348/mo
Source est. payment (PITI)
$1,837/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$138,761

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

$0$138,761
Additional funds needed$0

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