Properties / 3941 W DESERT HILLS Drive
FHA ASSUMABLERate: 6.5%

3941 W DESERT HILLS Drive

$410,000
Phoenix, AZ 85029
3 beds2 baths1,958 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$24,519 interest already paid off
Estimated Loan Balance$281,439
Cash to close$128,837
Est. Monthly PITI$2,194
Initial Loan Amount$284,898
Time on site50 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$128,561
Cash or secondary financing
Monthly savings
$614
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

No HOA! RV GATE AND PARKING! This lovely updated home is situated on a corner lot and displays a 2-car garage, RV gate, extra parking in front and lovely courtyard. Tastefully updated interior boasts wood-look tile flooring, fresh paint, thick baseboards, and dual pane windows. Inviting living room and the large family & dining room combo are made for large get-togethers. Upscale kitchen comes with recessed lighting, quartz counters, white cabinets, stainless steel appliances, and a breakfast bar. The Huge owners suite includes outdoor access and owners bath with dual sinks. The split secondary bedrooms include mirrored door closets. The spacious backyard has a covered patio where you can enjoy morning coffee or relax in the evenings. This gem is ready to welcome you to your new home! NO SHOWINGS UNTIL TUESDAY 7/28 THANK YOU!

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 $128,561. 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 feet1,958
Property typeSingle Family
MLS #7052247
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)
$1,804/mo
Source est. payment (PITI)
$2,194/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$128,561

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

$0$128,561
Additional funds needed$0

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