Properties / 8800 N 107TH Avenue
FHA ASSUMABLERate: 4.25%

8800 N 107TH Avenue

$200,890
Peoria, AZ 85345
2 beds1 baths957 sqftSingle Family
The assumable advantage
4.25%
FHA assumed rate
$36,965 interest already paid off
Estimated Loan Balance$83,233
Cash to close$117,864
Est. Monthly PITI$769
Initial Loan Amount$102,116
Time on site13 days
Remaining Term20 years, 8 months
Seller's equity (what you pay)
$117,657
Cash or secondary financing
Monthly savings
$680
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Discover comfort and convenience in this well-maintained patio home, ideally situated in Peoria. Great opportunity for rental or starter home. Just minutes from P83 Sports Complex, Westgate Entertainment District, and Arrowhead Mall, you'll have easy access to top dining, shopping and entertainment. Home comes fully equipped with all appliances. The cozy patio area features a grill, perfect for relaxing or hosting friends. Home partially furnished with TV in living room and primary bedroom as well as TV stands, dressers, and a dining room set making your move in seamless.

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 $117,657. 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

Bedrooms2
Bathrooms1
Square feet957
Property typeSingle Family
MLS #7073151
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)
$505/mo
Source est. payment (PITI)
$769/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$117,657

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

$0$117,657
Additional funds needed$0

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