Properties / 2736 W EL CAMINITO Drive
FHA ASSUMABLERate: 6.71%

2736 W EL CAMINITO Drive

$355,000
Phoenix, AZ 85051
3 beds2 baths1,553 sqftSingle Family
The assumable advantage
6.71%
FHA assumed rate
$56,304 interest already paid off
Estimated Loan Balance$269,782
Cash to close$87,788
Est. Monthly PITI$2,160
Initial Loan Amount$276,760
Time on site50 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$85,218
Cash or secondary financing
Monthly savings
$287
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

WELCOME HOME! Charming 3-bed, 2-bath block home on an oversized 9,548 sq ft lot—packed with potential! This North Mountain gem offers a bright, open layout, tile flooring, carport, and no HOA. Updated with a partial new roof. A/C Unit only a year old! Solid 1953 construction gives it character, while the expansive yard is perfect for adding value or creating your dream outdoor space. Conveniently located near schools, shopping, and major roads. A standout opportunity for buyers looking for space, flexibility, and endless possibilities.

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 $85,218. 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

Bedrooms3
Bathrooms2
Square feet1,553
Property typeSingle Family
MLS #6947708
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,807/mo
Source est. payment (PITI)
$2,160/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$85,218

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

$0$85,218
Additional funds needed$0

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