Properties / 16825 N 14TH Street
FHA ASSUMABLERate: 3.56%

16825 N 14TH Street

$370,000
Phoenix, AZ 85022
4 beds4 baths1,952 sqftSingle Family
The assumable advantage
3.56%
FHA assumed rate
$44,171 interest already paid off
Estimated Loan Balance$263,579
Cash to close$106,943
Est. Monthly PITI$1,788
Initial Loan Amount$288,257
Time on site29 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$106,421
Cash or secondary financing
Monthly savings
$873
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Beautiful 4-Bedroom Townhouse for Sale in a Gated Community! Spacious three-level townhouse featuring 4 bedrooms and 3.5 bathrooms. The first floor offers a private bedroom with a full bathroom and walk-in closet, perfect for guests or a home office. The main level features a spacious living room, a large kitchen, a balcony, and a convenient powder room. The third level includes the primary bedroom plus two additional bedrooms and full bathrooms. Additional features include laminate flooring and tile in all the right places, plenty of closet and storage space, and a two-car garage. Enjoy the gated community, community pool, and convenient guest parking.

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 $106,421. 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
Bathrooms4
Square feet1,952
Property typeSingle Family
MLS #7065912
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)
$1,309/mo
Source est. payment (PITI)
$1,788/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$106,421

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

$0$106,421
Additional funds needed$0

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