Properties / 8104 W Randolph Road
FHA ASSUMABLERate: 7.03%

8104 W Randolph Road

$350,000
Casa Grande, AZ 85194
3 beds2 baths1,890 sqftSingle Family
The assumable advantage
7.03%
FHA assumed rate
$44,388 interest already paid off
Estimated Loan Balance$288,124
Cash to close$61,600
Est. Monthly PITI$2,341
Initial Loan Amount$294,566
Time on site5 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$61,876
Cash or secondary financing
Monthly savings
$98
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Affordable country living on this 1.37 acre gentlemens ranch, completely fenced with pipe and no climb. Easy care home has open floor plan with large kitchen with breakfast bar that looks over the great room. All kitchen appliances stay, split floor plan with very large bedrooms. Primary bedroom very spacious with walk in closet, bath with double vanities , separate tub and shower. 2 20x20 pens for horses plus a round pen and fenced 1.37 acres. Close to Central Arizona College and easy drive to I-10 exit to Phoenix or Tucson. Shared well with 3 other properties. Well agreement is in place. Property is not heated as it was suppose to be propane heat and owner never installed it. They used electric free standing heaters.

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 $61,876. 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 feet1,890
Property typeSingle Family
MLS #7076690
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)
$1,966/mo
Source est. payment (PITI)
$2,341/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$61,876

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

$0$61,876
Additional funds needed$0

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