Properties / 8176 N 22ND Drive
FHA ASSUMABLERate: 2.87%

8176 N 22ND Drive

$329,999
Phoenix, AZ 85021
2 beds3 baths1,318 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$36,028 interest already paid off
Estimated Loan Balance$241,369
Cash to close$89,171
Est. Monthly PITI$1,614
Initial Loan Amount$269,688
Time on site28 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$88,630
Cash or secondary financing
Monthly savings
$823
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Enjoy low-maintenance living in this beautifully maintained townhome with only one shared wall and an attached 2-car garage. Both bedrooms offer their own private bathrooms and walk-in closets, creating an ideal layout for privacy and comfort. The home features an open-concept living area, upgraded finishes, and above-builder-grade plumbing upgrades. An owned solar system with an existing loan helps reduce monthly energy costs, while the AC and water heater have been regularly maintained. Step outside to a private patio and enjoy the many community amenities, including a pool, playground, green spaces, and more. Move-in ready and designed for easy, comfortable living! All Appliances included and sellers can close quickly!

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 $88,630. 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

Bedrooms2
Bathrooms3
Square feet1,318
Property typeSingle Family
MLS #7066556
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)
$1,123/mo
Source est. payment (PITI)
$1,614/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$88,630

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

$0$88,630
Additional funds needed$0

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