Properties / 17038 W BAKER Drive
FHA ASSUMABLERate: 6.5%

17038 W BAKER Drive

$570,000
Surprise, AZ 85387
3 beds2 baths1,639 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$11,120 interest already paid off
Estimated Loan Balance$227,465
Cash to close$342,750
Est. Monthly PITI$1,871
Initial Loan Amount$228,937
Time on site49 days
Remaining Term29 years, 3 months
Seller's equity (what you pay)
$342,535
Cash or secondary financing
Monthly savings
$1,911
Versus today's market rate
Est. savings per year
$23K
Versus today's market rate

About this home

NO HOA! Incredible 1,638 SF 3 Bed 2 bath home w/SOLAR on massive 1.26 acre lot! Split rail fencing w/4 gates out back that backs state trust land. Turf dog run on side. 500-gallon underground propane tank, spacious great room, gourmet Kitchen w/36'' 6-burner dual fuel range, black pearl satin granite counters, white shaker cabinets, pendant lighting, marble tile backsplash, pantry, island w/breakfast bar, blinds & LVP Flooring thru-out. Electric or propane Dryer. Primary suite w/private bathroom w/dbl sinks & walk-in closet w/closet organizer. Owned water softener & R/O. The backyard has a Lg covered patio & abundant space for outdoor equestrian facilities, a garden, chickens, pets, pool, RV garage -you choose. Add'l property in front of the home to the block wall is part of the acreage!

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 $342,535. 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 feet1,639
Property typeSingle Family
MLS #7057702
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,450/mo
Source est. payment (PITI)
$1,871/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$342,535

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

$0$342,535
Additional funds needed$0

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