Properties / 600 S DOBSON Road
FHA ASSUMABLERate: 3.81%

600 S DOBSON Road

$225,000
Mesa, AZ 85202
2 beds1 baths903 sqftSingle Family
The assumable advantage
3.81%
FHA assumed rate
$26,381 interest already paid off
Estimated Loan Balance$70,872
Cash to close$155,012
Est. Monthly PITI$637
Initial Loan Amount$85,914
Time on site50 days
Remaining Term21 years, 2 months
Seller's equity (what you pay)
$154,128
Cash or secondary financing
Monthly savings
$920
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

This beautifully updated 2-bed 1-bath townhome is tucked away in the quiet rear of a conveniently located community, just steps from parking and sparkling community pool. New roof (2025), A/C (2023) and smart thermostat offer added peace of mind. Upstairs, you'll find two bedrooms, a bathroom with updated tub/shower surround and add'l hall storage.A private patio welcomes you into this freshly painted home featuring eat-in kitchen, spacious pantry, stainless steel appliances, solid wood shaker cabinets and durable epoxy countertops. The light-filled living room highlights updated flooring that flows seamlessly throughout, creating a cohesive feel. The laundry area is conveniently located in an enclosed utility room on the patio, which is perfectly positioned to take in Arizona's sunsets. Ideally situated near freeways, shopping, MCC, Banner hospital and more.

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 $154,128. 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 feet903
Property typeSingle Family
MLS #7008365
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)
$407/mo
Source est. payment (PITI)
$637/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$154,128

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

$0$154,128
Additional funds needed$0

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