Properties / 4051 W PALOMINO Road
FHA ASSUMABLERate: 2.87%

4051 W PALOMINO Road

$165,000
Phoenix, AZ 85019
2 beds1 baths924 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$22,920 interest already paid off
Estimated Loan Balance$152,161
Cash to close$14,528
Est. Monthly PITI$1,044
Initial Loan Amount$168,884
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$12,839
Cash or secondary financing
Monthly savings
$263
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Don't miss this excellent two story townhome located in Phoenix that's waiting for its new owner. It has a nice enclosed patio with access to your laundry room and additional storage The kitchen has white cabinets with an awesome backsplash, stainless steel appliances, and nice counters. Both bedrooms and bathroom are located upstairs with carpet in the bedrooms. This home is conveniently located just a few minutes away from GCU, also close to shopping, restaurants and entertainment.

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 $12,839. 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
Bathrooms1
Square feet924
Property typeSingle Family
MLS #6984357
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)
$710/mo
Source est. payment (PITI)
$1,044/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$12,839

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

$0$12,839
Additional funds needed$0

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