Properties / 820 E SAN REMO Avenue
FHA ASSUMABLERate: 4.95%

820 E SAN REMO Avenue

$649,999
Gilbert, AZ 85234
5 beds3 baths2,563 sqftSingle Family
The assumable advantage
4.95%
FHA assumed rate
$107,485 interest already paid off
Estimated Loan Balance$112,558
Cash to close$539,130
Est. Monthly PITI$1,406
Initial Loan Amount$165,589
Time on site50 days
Remaining Term14 years, 8 months
Seller's equity (what you pay)
$537,441
Cash or secondary financing
Monthly savings
$2,932
Versus today's market rate
Est. savings per year
$35K
Versus today's market rate

About this home

NO HOA! Beautifully updated 5-bedroom, 3-bath with pool home in highly desirable Circle G Meadows. Move-in-ready home features new 48'' porcelain tile throughout the downstairs, newer carpet upstairs, and two fully remodeled bathrooms with modern finishes. The spacious primary suite includes upgraded porcelain tile flooring. Major system upgrades provide peace of mind, including a new HVAC unit (2025) and new electrical panel (2026). Step outside to your private backyard oasis featuring a sparkling pool with updated pop-up cleaning system and piping improvements completed within the last five years. Conveniently located near top-rated schools, parks, shopping, dining, and major commuter routes. A rare Gilbert opportunity offering space, style, upgrades, and freedom from HOA restriction

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 $537,441. 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

Bedrooms5
Bathrooms3
Square feet2,563
Property typeSingle Family
MLS #7029513
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)
$901/mo
Source est. payment (PITI)
$1,406/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$537,441

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

$0$537,441
Additional funds needed$0

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