Properties / 2341 W LAUREL Lane
FHA ASSUMABLERate: 7.44%

2341 W LAUREL Lane

$349,000
Phoenix, AZ 85029
3 beds2 baths1,318 sqftSingle Family
The assumable advantage
7.44%
FHA assumed rate
$77,534 interest already paid off
Estimated Loan Balance$389,392
Cash to close$0
Est. Monthly PITI$3,190
Initial Loan Amount$395,700
Time on site50 days
Remaining Term27 years, 4 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Discover the charm of this inviting home. Perfectly situated in a quiet neighborhood yet close to schools, shopping, and everyday conveniences, this property offers a comfortable balance of peace and accessibility. Step inside to a bright and welcoming living room filled with natural light, creating a warm setting for both relaxation and entertaining. The neutral finishes throughout make it easy to bring your own style and personality into the space. The kitchen features modern updates, including stainless appliances, sleek countertops, and plenty of cabinet space ideal for daily meals or gatherings with family and friends. Flexible living areas provide room for a home office, workout space, or playroom, giving you options to adapt the home to your lifestyle. Outside, enjoy a private backyard with a covered patio and mature trees, perfect for morning coffee, weekend barbecues, or simply unwinding after a long day. Blending comfort, functionality, and convenience, this home is ready to welcome its next owner. Come see how this home at 2341 West Laurel Lane, in Phoenix, can fit seamlessly into your life.

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 $0. 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 feet1,318
Property typeSingle Family
MLS #6929235
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)
$2,780/mo
Source est. payment (PITI)
$3,190/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.