Properties / 3134 E McKellips Road
FHA ASSUMABLERate: 6.49%

3134 E McKellips Road

$445,000
Mesa, AZ 85213
3 beds3 baths1,414 sqftSingle Family
The assumable advantage
6.49%
FHA assumed rate
$50,767 interest already paid off
Estimated Loan Balance$403,690
Cash to close$41,310
Est. Monthly PITI$3,024
Initial Loan Amount$412,392
Time on site1 day
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$41,310
Cash or secondary financing
Monthly savings
$17
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to this inviting home in Mesa's desirable Homestead community, where comfortable living meets everyday convenience. Inside, soaring ceilings and an open, versatile layout create a spacious feel with plenty of room to gather, relax, or entertain. The darling kitchen features updated LG appliances & opens to the living spaces, while a cozy fireplace adds warmth and character to the home. With 3 bedrooms, 2.5 baths, and two distinct living areas, there's flexibility for both everyday living and entertaining. Step outside to your own private retreat, complete with a sparkling pool and expansive paver patio - an ideal setting for enjoying Arizona's beautiful weather. The HOA takes care of the front yard, making exterior maintenance a little easier. Conveniently located near shopping, dining, major freeways, and the Boeing campus, this home offers the space, amenities, and location you've been looking for. This is a wonderful property in a prime location with so much to offer. New roof - 2 years old New dishwasher - 6 months old New water heater - 4 months old New outside paint - 2 years old Remodeled backyard: Turf, pavers, pool trim - 1 year old Pool pump system repiped - 2 years ago.

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 $41,310. 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
Bathrooms3
Square feet1,414
Property typeSingle Family
MLS #7077805
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)
$2,607/mo
Source est. payment (PITI)
$3,024/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$41,310

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

$0$41,310
Additional funds needed$0

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