Properties / 3697 E OXFORD Lane
FHA ASSUMABLERate: 3.95%

3697 E OXFORD Lane

$650,000
Gilbert, AZ 85295
3 beds2 baths1,943 sqftSingle Family
The assumable advantage
3.95%
FHA assumed rate
$96,070 interest already paid off
Estimated Loan Balance$196,819
Cash to close$452,619
Est. Monthly PITI$1,728
Initial Loan Amount$255,192
Time on site0 days
Remaining Term19 years, 5 months
Seller's equity (what you pay)
$453,181
Cash or secondary financing
Monthly savings
$2,622
Versus today's market rate
Est. savings per year
$31K
Versus today's market rate

About this home

Prime Gilbert location with beautiful curb appeal! This 3-bedroom, 2-bath home features a separate den/office, split floor plan, 10-foot ceilings, new flooring, and fresh interior paint. The open layout offers a spacious great room and remodeled kitchen with updated cabinets and stainless steel appliances. The large primary suite includes a beautifully remodeled bathroom with a tiled shower. Step outside to your private pool with built-in spa, new pool pump, and view fencing overlooking the greenbelt. Additional upgrades include a new HVAC system and water heater. A desirable 3-car tandem garage completes this move-in-ready home!

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 $453,181. 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 feet1,943
Property typeSingle Family
MLS #7078828
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)
$1,211/mo
Source est. payment (PITI)
$1,728/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$453,181

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

$0$453,181
Additional funds needed$0

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