Properties / 4601 N 123RD Drive
FHA ASSUMABLERate: 2.87%

4601 N 123RD Drive

$375,000
Avondale, AZ 85392
3 beds2 baths1,678 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$34,523 interest already paid off
Estimated Loan Balance$227,154
Cash to close$148,870
Est. Monthly PITI$1,508
Initial Loan Amount$254,375
Time on site34 days
Remaining Term25 years
Seller's equity (what you pay)
$147,846
Cash or secondary financing
Monthly savings
$1,149
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Easy single-level living in Rio Crossing, ready when you are! Offering 3 beds, 2 baths, a 2-car garage, and low-maintenance landscaping that hands your weekends back. Inside, vaulted ceilings and abundant natural light play off a neutral palette and wood-look tile that runs throughout. The living and dining rooms flow together, while a bright family room opens to the kitchen, complete with built-in appliances, ample wood cabinetry, a pantry, and an island with breakfast bar. The spacious primary bedroom features a walk-in closet and an ensuite with dual sinks plus a separate tub and shower. Out back, a covered patio and extended pavers set the stage for morning coffee or weekend gatherings. Minutes from schools, shopping, dining, and freeway access. Move-in ready!

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 $147,846. 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 feet1,678
Property typeSingle Family
MLS #7063972
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)
$1,062/mo
Source est. payment (PITI)
$1,508/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$147,846

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

$0$147,846
Additional funds needed$0

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