Properties / 2618 W GARY Way
FHA ASSUMABLERate: 3.71%

2618 W GARY Way

$340,000
Phoenix, AZ 85041
3 beds2 baths1,344 sqftSingle Family
The assumable advantage
3.71%
FHA assumed rate
$56,418 interest already paid off
Estimated Loan Balance$113,549
Cash to close$227,144
Est. Monthly PITI$1,145
Initial Loan Amount$151,210
Time on site50 days
Remaining Term18 years, 8 months
Seller's equity (what you pay)
$226,451
Cash or secondary financing
Monthly savings
$1,302
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome to 2618 W Gary Way! This beautifully maintained single-story home offers 3 bedrooms, 2 bathrooms, and approximately 1,344 square feet of comfortable living space. Situated on a desirable corner lot, this ranch-style home features an open-concept great room that flows seamlessly into the well-appointed kitchen with a breakfast nook, pantry, and ample cabinet space. The split floor plan provides added privacy, with a spacious primary suite featuring a walk-in closet and an en-suite bath with dual vanities. Tile and carpet flooring, Step outside to a generously sized backyard with plenty of room to design your dream outdoor retreat, pool, or entertainment space. Conveniently located near schools, parks, shopping, dining, and freeway access.

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 $226,451. 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 feet1,344
Property typeSingle Family
MLS #7038690
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)
$703/mo
Source est. payment (PITI)
$1,145/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$226,451

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

$0$226,451
Additional funds needed$0

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