Properties / 1313 S 123RD Lane
FHA ASSUMABLERate: 6.5%

1313 S 123RD Lane

$399,999
Avondale, AZ 85323
3 beds3 baths1,917 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$183,837 interest already paid off
Estimated Loan Balance$75,098
Cash to close$327,314
Est. Monthly PITI$1,421
Initial Loan Amount$159,047
Time on site50 days
Remaining Term7 years, 7 months
Seller's equity (what you pay)
$324,901
Cash or secondary financing
Monthly savings
$1,312
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Fantastic home greets you upon arrival with a great curb appeal, a 2 car garage, low-maintenance vegetation, and a nice covered patio. Well-maintained interior boasts a spacious living/dining room w/high ceilings that add natural light, laminate & tile flooring. The kitchen features stainless steel appliances that stay with the home, ample cabinets, pantry, plenty of counter space, island and bright breakfast nook overlooking the fun backyard. Oversized master bedroom has neutral carpet, master bath w/dual vanity and walk-in closet, plus Den/Office or 4th bedroom. Generous backyard offers a refreshing pool for these hot summers and unlimited landscaping potential. If entertaining is on your mind, this house is it. Close to schools and a very short distance to freeway. Book a tour 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 $324,901. 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
Bathrooms3
Square feet1,917
Property typeSingle Family
MLS #7032633
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$1,047/mo
Source est. payment (PITI)
$1,421/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$324,901

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

$0$324,901
Additional funds needed$0

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