Properties / 60 Horse Canyon Drive
FHA ASSUMABLERate: 3.47%

60 Horse Canyon Drive

$629,000
Sedona, AZ 86351
3 beds2 baths1,650 sqftSingle Family
The assumable advantage
3.47%
FHA assumed rate
$79,278 interest already paid off
Estimated Loan Balance$206,622
Cash to close$424,095
Est. Monthly PITI$1,708
Initial Loan Amount$261,182
Time on site50 days
Remaining Term20 years, 4 months
Seller's equity (what you pay)
$422,378
Cash or secondary financing
Monthly savings
$2,527
Versus today's market rate
Est. savings per year
$30K
Versus today's market rate

About this home

Welcome home to this beautifully appointed 3-bedroom, 2-bathroom residence offering the perfect blend of comfort, style, and stunning natural surroundings. Enjoy red rock views from this exceptionally priced home. The modern, open floor plan flows effortlessly across two distinct living spaces a welcoming front living room just off the main entrance, and a cozy family room off the kitchen featuring a wood-burning fireplace and views of the backyard. Whether you're entertaining or unwinding, there's a space for every moment. Step outside to your fully fenced backyard retreat complete with a covered patio, ideal for outdoor dining, relaxing evenings, or simply taking in the scenery. Owner/Agent. Seller is a licensed Real Estate Agent.

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 $422,378. 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 feet1,650
Property typeSingle Family
MLS #7044330
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)
$1,182/mo
Source est. payment (PITI)
$1,708/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$422,378

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

$0$422,378
Additional funds needed$0

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