Properties / 3723 W SOUTH BUTTE Road
FHA ASSUMABLERate: 5.41%

3723 W SOUTH BUTTE Road

$425,000
Queen Creek, AZ 85144
5 beds3 baths2,406 sqftSingle Family
The assumable advantage
5.41%
FHA assumed rate
$78,048 interest already paid off
Estimated Loan Balance$355,940
Cash to close$74,982
Est. Monthly PITI$2,638
Initial Loan Amount$371,082
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$69,060
Cash or secondary financing
Monthly savings
$382
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Become the proud owner of this 5-bedroom residence in San Tan Heights! You're welcomed by a stunning living room with soaring ceilings, plenty of windows for ample natural light, blinds, and soft carpeting for added comfort. Gather loved ones in the great room, complete with sliding doors that lead to the backyard for seamless indoor-outdoor living. The kitchen includes abundant wood cabinetry with crown moulding, recessed lighting, built-in appliances, a pantry, and an island with a breakfast bar. The primary bedroom features an ensuite with double sinks and a walk-in closet for an organized wardrobe. Venture out onto the charming backyard, which offers a covered patio and plenty of space for crafting your dream outdoor oasis.

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 $69,060. 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 feet2,406
Property typeSingle Family
MLS #6890332
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)
$2,124/mo
Source est. payment (PITI)
$2,638/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$69,060

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

$0$69,060
Additional funds needed$0

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