Properties / 714 E MOUNTAIN VIEW Drive
FHA ASSUMABLERate: 6.39%

714 E MOUNTAIN VIEW Drive

$419,999
Avondale, AZ 85323
4 beds2 baths1,849 sqftSingle Family
The assumable advantage
6.39%
FHA assumed rate
$81,515 interest already paid off
Estimated Loan Balance$375,966
Cash to close$45,349
Est. Monthly PITI$2,899
Initial Loan Amount$390,225
Time on site50 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$44,033
Cash or secondary financing
Monthly savings
$27
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Enjoy comfortable living in this corner-lot home with stunning mountain views! Inside, you'll find a bright and inviting layout with 4 bedrooms, 2 bathrooms, carpet and tile flooring in all the right places, dual pane windows, and plenty of natural light throughout. The eat-in kitchen includes granite counters, a center island, a pantry, and all the essential cooking appliances. The split main bedroom provides a walk-in closet along with a private bathroom featuring dual sinks. Serene backyard is designed for relaxation with a covered patio perfect for outdoor dining or enjoying the Arizona evenings.

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 $44,033. 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
Bathrooms2
Square feet1,849
Property typeSingle Family
MLS #7046451
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)
$2,450/mo
Source est. payment (PITI)
$2,899/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$44,033

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

$0$44,033
Additional funds needed$0

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