Properties / 407 N 375TH Drive
FHA ASSUMABLERate: 4%

407 N 375TH Drive

$290,000
Tonopah, AZ 85354
3 beds2 baths1,620 sqftSingle Family
The assumable advantage
4%
FHA assumed rate
$59,706 interest already paid off
Estimated Loan Balance$330,952
Cash to close$0
Est. Monthly PITI$2,152
Initial Loan Amount$358,388
Time on site28 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$0
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 to this 3-bedroom, 2-bath manufactured home situated on 1.25 acres in the rural community of Tonopah. Built in 2018, this home offers an open floor plan. The kitchen features ample cabinetry, a center island, and a layout that opens to the living and dining areas. Enjoy an oversized lot with room for outdoor activities, parking, toys, or creating your own desert retreat. Located with access to I-10 for commuting, shopping, and services in the West Valley.

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 $0. 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

Bedrooms3
Bathrooms2
Square feet1,620
Property typeSingle Family
MLS #7066721
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)
$1,717/mo
Source est. payment (PITI)
$2,152/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.