Properties / 820 E CONSTANCE Way
FHA ASSUMABLERate: 6.84%

820 E CONSTANCE Way

$485,500
Phoenix, AZ 85042
3 beds3 baths1,980 sqftSingle Family
The assumable advantage
6.84%
FHA assumed rate
$34,308 interest already paid off
Estimated Loan Balance$460,958
Cash to close$24,961
Est. Monthly PITI$3,674
Initial Loan Amount$465,414
Time on site14 days
Remaining Term28 years, 11 months
Seller's equity (what you pay)
$24,542
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

Beautiful 1,980 sq. ft. two-story home featuring 3 bedrooms, 2.5 bathrooms, and a 2-car garage. The upgraded stone-accented exterior provides eye-catching curb appeal, while the spacious floor plan offers plenty of room for comfortable living and entertaining. Located in a desirable gated community with a community pool, playground, park areas, and walking paths. Enjoy being minutes from South Mountain Park and Preserve, Downtown Phoenix, Sky Harbor Airport, shopping, dining, sporting events, and entertainment, with convenient access to the East, West, and North Valley. Space, location, and amenities all in one!

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 $24,542. 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 feet1,980
Property typeSingle Family
MLS #7070685
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)
$3,052/mo
Source est. payment (PITI)
$3,674/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$24,542

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

$0$24,542
Additional funds needed$0

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