Properties / 18100 N CATHERINE Drive
FHA ASSUMABLERate: 6.5%

18100 N CATHERINE Drive

$429,500
Surprise, AZ 85374
3 beds3 baths1,935 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$34,429 interest already paid off
Estimated Loan Balance$371,754
Cash to close$58,113
Est. Monthly PITI$2,812
Initial Loan Amount$376,693
Time on site49 days
Remaining Term28 years, 8 months
Seller's equity (what you pay)
$57,746
Cash or secondary financing
Monthly savings
$147
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

OWNED SOLAR! Newly painted in and out. Updated last year with totally remodeled dream kitchen with quartz counters on a huge island & all s/s appliances. The family room has a built-in white display/bookcase and opens to a gorgeous backyard with a sparkling large pool with a newly upgraded with a Pentair variable speed pump. All new ceiling fans and light fixtures. The loft adjoining the master suite could be a great playroom or office. The master shower has been totally remodeled. The garage has everything a handyman might want, a huge sink added with hot & cold water, a 3 ton-mini split a/c unit keeping the garage comfortable all year round. Built in cabinets and lots of storage. All new dual pane windows for extra energy savings. Both turf and fresh grass in the backyard with palm trees, pines, a tangelo and lime tree. Misters on the Covered Patio for your summer comfort Plus a 30' concrete slab and an RV gate in the back yard which opens from the back street. See added feature sheet in documents section So many extras, you need to see this home for yourself!

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 $57,746. 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
Bathrooms3
Square feet1,935
Property typeSingle Family
MLS #7057630
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)
$2,386/mo
Source est. payment (PITI)
$2,812/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$57,746

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

$0$57,746
Additional funds needed$0

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