Properties / 7927 W WATKINS Street
FHA ASSUMABLERate: 4.6%

7927 W WATKINS Street

$379,000
Phoenix, AZ 85043
4 beds2 baths1,644 sqftSingle Family
The assumable advantage
4.6%
FHA assumed rate
$42,624 interest already paid off
Estimated Loan Balance$48,196
Cash to close$330,804
Est. Monthly PITI$691
Initial Loan Amount$72,124
Time on site7 days
Remaining Term15 years
Seller's equity (what you pay)
$330,804
Cash or secondary financing
Monthly savings
$1,864
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Welcome home! This well-maintained property offers a spacious and comfortable layout with updates throughout. The Kitchen and large living room perfect for entertaining . Step outside to a beautifully designed backyard featuring attractive pavers, lush grass, and mature fruit trees that create a welcoming outdoor space for entertaining, relaxing, or enjoying Arizona evenings. An RV gate provides convenient access and additional flexibility for the big toys. The property also features a two-car garage equipped with a mini-split system. Roof only 3 yrs old Solar panels are for sale also for purchase for $17k and cannot be included on loan. Owner willing to take payments for solar for 3 yrs. Buyer to verify all information deemed important. Agent see private remar

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 $330,804. 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

Bedrooms4
Bathrooms2
Square feet1,644
Property typeSingle Family
MLS #7075289
CountyMaricopa County
Assumable loanFHA
Tour this home
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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)
$371/mo
Source est. payment (PITI)
$691/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$330,804

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

$0$330,804
Additional funds needed$0

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