Properties / 28397 N ONYX Road
FHA ASSUMABLERate: 5.3%

28397 N ONYX Road

$420,000
San Tan Valley, AZ 85143
5 beds3 baths2,228 sqftSingle Family
The assumable advantage
5.3%
FHA assumed rate
$55,955 interest already paid off
Estimated Loan Balance$256,378
Cash to close$163,999
Est. Monthly PITI$1,987
Initial Loan Amount$271,712
Time on site30 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$163,622
Cash or secondary financing
Monthly savings
$964
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Tucked inside the sought-after Village at Copper Basin, this 5-bedroom, 3-bath home invites you to imagine what's just beyond the front door. Step inside and discover a layout designed for both connection and quiet retreat, with generous living spaces and room for everyone. The backyard offers endless possibilities--morning coffee, weekend gatherings, or a future personal oasis. Whether you need space to grow, host, or simply unwind, this home delivers in all the right ways. Come see what makes this one feel different from the rest.

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 $163,622. 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

Bedrooms5
Bathrooms3
Square feet2,228
Property typeSingle Family
MLS #7065567
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)
$1,513/mo
Source est. payment (PITI)
$1,987/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$163,622

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

$0$163,622
Additional funds needed$0

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