Properties / 3201 W WILLOW Avenue
FHA ASSUMABLERate: 2.87%

3201 W WILLOW Avenue

$414,000
Phoenix, AZ 85029
4 beds2 baths1,554 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$42,110 interest already paid off
Estimated Loan Balance$278,316
Cash to close$137,551
Est. Monthly PITI$1,803
Initial Loan Amount$310,276
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$135,684
Cash or secondary financing
Monthly savings
$1,143
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Beautifully remodeled 4-bedroom, 2-bath home, 2 Car garage offering 1,527 square feet of comfortable living space. This residence features an open and inviting floor plan with tile flooring throughout, updated finishes, quartz countertops, and stainless steel appliances. The spacious kitchen flows seamlessly into the living areas, making it ideal for both everyday living and entertaining. The primary suite offers a private retreat, while three additional bedrooms provide flexibility for family, guests, or a home office. Enjoy Arizona evenings under the covered patio overlooking the grassy backyard, perfect for outdoor gatherings, play, or pets. Conveniently located near major freeways for an easy commute, with shopping, dining, parks, and schools just minutes away.

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 $135,684. 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 feet1,554
Property typeSingle Family
MLS #7041488
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)
$1,298/mo
Source est. payment (PITI)
$1,803/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$135,684

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

$0$135,684
Additional funds needed$0

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