Properties / 4618 S NAGELI Avenue
FHA ASSUMABLERate: 7.1%

4618 S NAGELI Avenue

$515,999
Mesa, AZ 85212
3 beds2 baths1,566 sqftSingle Family
The assumable advantage
7.1%
FHA assumed rate
$80,670 interest already paid off
Estimated Loan Balance$499,560
Cash to close$16,914
Est. Monthly PITI$4,041
Initial Loan Amount$510,581
Time on site34 days
Remaining Term27 years, 9 months
Seller's equity (what you pay)
$16,439
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Fall in love with this charming corner-lot home in the Eastmark Community! Featuring a low-care manicured landscape & a 2-car garage w/paver driveway. You'll love the excellent open floor plan paired with multi-sliding doors to the patio! Abundant natural light, high ceilings, a neutral palette, and plush carpet & wood-look tile floors t/out create a fresh, airy feel. The impressive kitchen boasts a pantry, quartz counters, recessed & pendant lighting, white shaker cabinetry, SS appliances, and an island w/breakfast bar. The primary bedroom has an ensuite with dual sinks & a walk-in closet. The backyard offers a covered patio for relaxing, and directly backs onto Bernard Park. Close to shopping, dining, Phoenix-Mesa Gateway Airport, and easy access to Loop 202 & SR-24. Don't miss this gem!

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 $16,439. 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 feet1,566
Property typeSingle Family
MLS #7064234
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)
$3,438/mo
Source est. payment (PITI)
$4,041/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$16,439

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

$0$16,439
Additional funds needed$0

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