Properties / 42036 W QUINTO Drive
FHA ASSUMABLERate: 4.53%

42036 W QUINTO Drive

$285,000
Maricopa, AZ 85138
4 beds3 baths2,209 sqftSingle Family
The assumable advantage
4.53%
FHA assumed rate
$2,464 interest already paid off
Estimated Loan Balance$6,785
Cash to close$278,229
Est. Monthly PITI$413
Initial Loan Amount$7,840
Time on site34 days
Remaining Term22 years, 7 months
Seller's equity (what you pay)
$278,215
Cash or secondary financing
Monthly savings
$1,641
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Lennar Next Gen ''Home Within a Home,'' rare in Maricopa. The private suite has its own entrance, living area, kitchenette, bedroom, bath, and laundry: true separation under one roof for extended family, adult children, or rental income. Main residence is a single-level 3-bed, 2-bath split floor plan with open kitchen-to-great-room, espresso cabinets, granite, stainless, and 16-inch tile. 2-car garage, desert landscaping, built 2018. Kitchen island removed with open drywall in that area, plus paint and carpet needed. Priced accordingly, sold as-is. Best fit for cash, hard money, or renovation financing (FHA 203k Limited, Conventional-HomeStyle).

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 $278,215. 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
Bathrooms3
Square feet2,209
Property typeSingle Family
MLS #7064112
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)
$40/mo
Source est. payment (PITI)
$413/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$278,215

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

$0$278,215
Additional funds needed$0

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