Properties / 18390 W MONTE LINDO Lane
FHA ASSUMABLERate: 5.12%

18390 W MONTE LINDO Lane

$445,000
Surprise, AZ 85387
3 beds2 baths1,780 sqftSingle Family
The assumable advantage
5.12%
FHA assumed rate
$10,967 interest already paid off
Estimated Loan Balance$428,649
Cash to close$17,885
Est. Monthly PITI$2,715
Initial Loan Amount$429,661
Time on site50 days
Remaining Term29 years, 6 months
Seller's equity (what you pay)
$16,351
Cash or secondary financing
Monthly savings
$275
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

5% ASSUMABLE Interest Loan!! Rare opportunity to own a highly upgraded corner-lot home with a FULLY ASSUMABLE LOAN! This move-in ready property offers a 3-car garage, extended driveway, privacy hedge, turf landscaping, full slick barrier, and sun screens throughout. The designer kitchen features soft-close cabinetry, custom black granite countertops, black fixtures, pendant lighting, pots-and-pans drawers, and a convenient trash pull-out. Enjoy premium upgrades including 5.1 surround sound, RO system, water-softener pre-plumb, and included washer & dryer. Relax or entertain on the large covered patio with outdoor speaker pre-wire. A perfect blend of style, functionality, and a rare assumable financing opportunity that could mean substantial savings for qualified buyers! -Corner lot -Extended/longer driveway -Backyard landscaping w/ turf -Slick barrier around the whole exterior of the house -Privacy trees/hedge -Outdoor sun screens on all windows -Large covered patio -Outdoor speaker pre-wire -5.1 Surround Sound -Soft close cabinets/drawers throughout the house -Trash pull-out -Pots and pans drawers -Custom black granite kitchen counter -All black fixtures and hardware -3 way pendant lights -RO system -Pre-plumbed for water softener **Washer and dryer come included**

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 $16,351. 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 feet1,780
Property typeSingle Family
MLS #7041657
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)
$2,349/mo
Source est. payment (PITI)
$2,715/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$16,351

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

$0$16,351
Additional funds needed$0

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