Properties / 496 E DIAMOND Drive
FHA ASSUMABLERate: 6.96%

496 E DIAMOND Drive

$549,000
Casa Grande, AZ 85122
4 beds3 baths2,524 sqftSingle Family
The assumable advantage
6.96%
FHA assumed rate
$66,932 interest already paid off
Estimated Loan Balance$315,184
Cash to close$233,489
Est. Monthly PITI$2,679
Initial Loan Amount$325,589
Time on site0 days
Remaining Term27 years, 1 month
Seller's equity (what you pay)
$233,816
Cash or secondary financing
Monthly savings
$1,081
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

2023-built NEXT-GEN home in McCartney Ranch on a HUGE 15,000sf lot!! Featuring 4 beds, 3 baths, a stone-accent front porch, and a 2-car garage. Inside, you'll find high ceilings, 8-foot doors tons of natural light, wood-look tile floors, and an excellent open-concept layout. The modern kitchen boasts shaker cabinets, granite counters, stainless appliances including a gas range, and breakfast bar. The casita offers a separate entrance, living area, washer/dryer, full kitchen, walk-in closet, and private ensuite, ideal for guests or extended visits. The backyard is complete with a covered patio, expansive pavers, storage shed, RV gate with cement pad for parking, and no rear neighbors for added privacy. The home is even being sold with all the furnishings except for one bedroom. WOW!

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 $233,816. 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
Bathrooms3
Square feet2,524
Property typeSingle Family
MLS #7079355
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)
$2,157/mo
Source est. payment (PITI)
$2,679/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$233,816

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

$0$233,816
Additional funds needed$0

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