Properties / 2030 W MONTE VISTA Road
FHA ASSUMABLERate: 6.77%

2030 W MONTE VISTA Road

$389,900
Phoenix, AZ 85009
4 beds2 baths1,407 sqftSingle Family
The assumable advantage
6.77%
FHA assumed rate
$66,602 interest already paid off
Estimated Loan Balance$402,013
Cash to close$0
Est. Monthly PITI$3,139
Initial Loan Amount$412,294
Time on site6 days
Remaining Term27 years, 7 months
Seller's equity (what you pay)
$0
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

PAID SOLAR PANELS, huge savings on electricity! Beautifully remodeled in 2003 from; kitchen, flooring, bathrooms, roof to new A/C and duct work. Located in the Encanto District, in the heart of Phoenix and literally just minutes away from the I-10, I-17, 51, and 202. You'll be on your way to to your destination in no time. Immaculate from ceiling to floor. Wood-like tile flooring throughout. New flooring, paint, and fixtures. The kitchen has granite countertops, tile backsplash, stainless steel appliances, recessed lighting, and contemporary cabinets with lots of storage space. It's the perfect starter home if you're a first-time buyer. HOUSE QUALIFIES FOR A 3-2-1 BUY DOWN: 3% off 1st year, 2% off 2nd year, and 1% off 3rd year. See Documents Tab for details

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 $0. 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
Bathrooms2
Square feet1,407
Property typeSingle Family
MLS #7076464
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)
$2,685/mo
Source est. payment (PITI)
$3,139/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.