Properties / 475 Barnwood Trail
FHA ASSUMABLERate: 3.7%

475 Barnwood Trail

$794,950
Munds Park, AZ 86017
3 beds2 baths1,768 sqftSingle Family
The assumable advantage
3.7%
FHA assumed rate
$80,381 interest already paid off
Estimated Loan Balance$303,287
Cash to close$493,003
Est. Monthly PITI$2,293
Initial Loan Amount$348,570
Time on site50 days
Remaining Term23 years, 5 months
Seller's equity (what you pay)
$491,663
Cash or secondary financing
Monthly savings
$3,073
Versus today's market rate
Est. savings per year
$37K
Versus today's market rate

About this home

Nestled among towering pines on two combined lots totaling over 0.6 acres, this updated two-story A-frame is one of Munds Park's most remarkable offerings. The rare double-lot home provides privacy, space, and a seamless blend of rustic charm and modern comfort. Featuring 3 bedrooms and 2 bathrooms, it boasts expansive front and rear decks, a fire pit, sunken spa with gazebo, paved driveway, fully insulated underside, new heat pump and split systems, extended privacy fencing, renovated bath, custom ironwork, and a detached 2-car garage, offering a turnkey mountain retreat ready for year-round enjoyment.

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 $491,663. 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 feet1,768
Property typeSingle Family
MLS #7044802
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)
$1,615/mo
Source est. payment (PITI)
$2,293/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$491,663

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

$0$491,663
Additional funds needed$0

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