Properties / 8301 N 21ST Drive
FHA ASSUMABLERate: 2.96%

8301 N 21ST Drive

$219,900
Phoenix, AZ 85021
2 beds2 baths1,282 sqftSingle Family
The assumable advantage
2.96%
FHA assumed rate
$29,787 interest already paid off
Estimated Loan Balance$185,237
Cash to close$36,713
Est. Monthly PITI$1,232
Initial Loan Amount$206,196
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$34,663
Cash or secondary financing
Monthly savings
$420
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Beautiful, well-maintained property in prime location offering spacious living with plenty of character. This thoughtfully designed open floor plan is filled with natural light. Features two well-sized bedrooms with ample space and flexibility. The main living area is warm and welcoming, highlighted by a cozy fireplace-perfect for relaxing evenings and holiday gatherings. Enjoy the rare convenience of a private garage, inside laundry room, along with an adorable balcony ideal for morning coffee or unwinding at the end of the day. With its central location close to shopping, dining, and major routes, this property offers both comfort and convenience at an exceptional value. Opportunities like this are rare-submit your highest and best offer before it's gone!

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 $34,663. 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

Bedrooms2
Bathrooms2
Square feet1,282
Property typeSingle Family
MLS #7014816
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)
$877/mo
Source est. payment (PITI)
$1,232/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$34,663

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

$0$34,663
Additional funds needed$0

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