Properties / 1113 E GWEN Street
FHA ASSUMABLERate: 3.45%

1113 E GWEN Street

$399,000
Phoenix, AZ 85042
4 beds2 baths1,967 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$66,649 interest already paid off
Estimated Loan Balance$118,394
Cash to close$281,876
Est. Monthly PITI$1,230
Initial Loan Amount$170,848
Time on site50 days
Remaining Term16 years, 10 months
Seller's equity (what you pay)
$280,606
Cash or secondary financing
Monthly savings
$1,579
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Experience a spacious layout featuring 4 bedrooms and 2 bathrooms, freshly painted in 2026 with brand new carpets, including a 2022 HVAC system with a programmable thermostat, keeping the home cool all year long. A gorgeous, fully equipped kitchen, complete with granite countertops and a sleek new stainless steel refrigerator. The primary suite serves as a true sanctuary, featuring upgraded dual pane windows, a walk in closet, and a pristine full bath for your relaxation. Step outside to a spacious, low maintenance backyard with custom pavers, perfect for lounging under the covered patio on those cool Arizona nights. Location is everything! Nestled near South Mountain, you are just minutes away from limitless hiking, biking, and outdoor trail adventures!

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 $280,606. 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 feet1,967
Property typeSingle Family
MLS #7035006
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)
$774/mo
Source est. payment (PITI)
$1,230/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$280,606

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

$0$280,606
Additional funds needed$0

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