Properties / 10428 W Calle de Plata Street
FHA ASSUMABLERate: 3.07%

10428 W Calle de Plata Street

$399,000
Phoenix, AZ 85037
4 beds2 baths1,596 sqftSingle Family
The assumable advantage
3.07%
FHA assumed rate
$21,372 interest already paid off
Estimated Loan Balance$140,902
Cash to close$260,485
Est. Monthly PITI$1,011
Initial Loan Amount$154,240
Time on site50 days
Remaining Term25 years, 3 months
Seller's equity (what you pay)
$258,098
Cash or secondary financing
Monthly savings
$1,684
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Welcome to this fantastic opportunity in one of the most convenient and fast-growing areas of the West Valley! This spacious 5-bedroom home, located on a corner lot, includes a rare bonus feature: a bedroom with its own private entrance — perfect for extra income or for a family member who needs independent living space. The private-entry bedroom is a major highlight—offering flexibility to earn extra monthly income or to comfortably host family members who need their own space. Homes with this feature are hard to find in this area.Just minutes from Westgate Entertainment District, State Farm Stadium, dining, shopping, hospitals, and major employers. This home is perfect for families, investors, or anyone seeking extra space with income potential.

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 $258,098. 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

Bedrooms4
Bathrooms2
Square feet1,596
Property typeSingle Family
MLS #6956152
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)
$669/mo
Source est. payment (PITI)
$1,011/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$258,098

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

$0$258,098
Additional funds needed$0

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