Properties / 3182 W Williams Drive
FHA ASSUMABLERate: 6.06%

3182 W Williams Drive

$390,000
Phoenix, AZ 85027
3 beds2 baths1,086 sqftSingle Family
The assumable advantage
6.06%
FHA assumed rate
$15,010 interest already paid off
Estimated Loan Balance$371,351
Cash to close$19,399
Est. Monthly PITI$2,660
Initial Loan Amount$372,830
Time on site50 days
Remaining Term29 years, 5 months
Seller's equity (what you pay)
$18,649
Cash or secondary financing
Monthly savings
$43
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Move-in ready 3-bedroom, 2 bath home featuring an open floor plan with vaulted ceilings and luxury plank look tile flooring. The beautifully updated kitchen offers white shaker cabinets, granite countertops, a farmhouse sink, designer tile backsplash, and ample storage. Updated bathrooms and comfortable carpeted bedrooms complete the interior. The windows have new sunscreens that block 80% of the heat. Enjoy the covered patio overlooking a private, low-maintenance backyard with mature landscaping and room to relax or entertain. Major 2023 improvements include a new roof, HVAC system and interior and exterior paint. Conveniently located near shopping, dining, parks, schools and freeway access. Pride of ownership shines throughout.

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 $18,649. 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 feet1,086
Property typeSingle Family
MLS #7044179
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)
$2,257/mo
Source est. payment (PITI)
$2,660/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$18,649

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

$0$18,649
Additional funds needed$0

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