Properties / 7031 W MCMAHON Way
FHA ASSUMABLERate: 6.32%

7031 W MCMAHON Way

$339,900
Peoria, AZ 85345
3 beds3 baths1,606 sqftSingle Family
The assumable advantage
6.32%
FHA assumed rate
$38,700 interest already paid off
Estimated Loan Balance$346,373
Cash to close$0
Est. Monthly PITI$2,601
Initial Loan Amount$353,330
Time on site0 days
Remaining Term28 years, 3 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

Come see this recently renovated 3-bed + 2.5-bath home in a gated community with a pool. Plantation shutters. Featuring a brand-new HVAC system installed in 2026. You'll love the kitchen with an expansive breakfast bar, pantry, and an eat-in dining area. This home boasts an open-feel floor plan, tall ceilings, two-tone designer paint, and new plush carpet flooring in all the right places. Soak in the abundant natural light throughout. The downstairs powder room is perfect for visiting guests. Plenty of storage space under the stairs and in the large 2-car garage. Upstairs, you'll find the owner's suite with dual sinks, a separate soaking tub, a shower, and a well-designed walk-in closet. The laundry room is conveniently located directly between all the bedrooms to make life easier for you. Out back, you'll be greeted with the quaint, low-maintenance landscape. This home is perfectly located near great schools, restaurants & shopping!

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
Bathrooms3
Square feet1,606
Property typeSingle Family
MLS #7080028
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)
$2,194/mo
Source est. payment (PITI)
$2,601/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.