Properties / 1561 E 10TH Street
FHA ASSUMABLERate: 6.95%

1561 E 10TH Street

$295,000
Douglas, AZ 85607
4 beds3 baths2,698 sqftSingle Family
The assumable advantage
6.95%
FHA assumed rate
$44,875 interest already paid off
Estimated Loan Balance$239,074
Cash to close$56,166
Est. Monthly PITI$2,036
Initial Loan Amount$245,471
Time on site17 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$55,926
Cash or secondary financing
Monthly savings
$112
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Welcome to this spacious and inviting 4-bedroom, 3-bath home featuring two primary bedrooms and plenty of room to enjoy! The versatile floor plan includes a second family room, perfect for entertaining, relaxing, a game room, or additional living space. Step outside to a welcoming front yard and a beautiful backyard with grass, offering a great setting for gatherings, play, or simply enjoying the outdoors. A large storage shed provides plenty of extra space for tools and equipment. You'll also appreciate the extra-long covered parking structure, providing generous shaded parking for multiple vehicles. With flexible living spaces, great outdoor areas, ample storage, and plenty of parking, this home has so much to offer. Come see it today!

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 $55,926. 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

Bedrooms4
Bathrooms3
Square feet2,698
Property typeSingle Family
MLS #7070817
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)
$1,628/mo
Source est. payment (PITI)
$2,036/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$55,926

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

$0$55,926
Additional funds needed$0

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