Properties / 6558 S GRANADA Drive
FHA ASSUMABLERate: 3.1%

6558 S GRANADA Drive

$293,000
Tempe, AZ 85283
3 beds3 baths1,452 sqftSingle Family
The assumable advantage
3.1%
FHA assumed rate
$1,628 interest already paid off
Estimated Loan Balance$10,584
Cash to close$282,451
Est. Monthly PITI$308
Initial Loan Amount$12,323
Time on site14 days
Remaining Term18 years, 5 months
Seller's equity (what you pay)
$282,416
Cash or secondary financing
Monthly savings
$1,665
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Charming 2-story townhome just minutes from ASU, Kiwanis Park, and three major freeways. This home features a remodeled primary bathroom and LVP flooring downstairs. All three bedrooms are upstairs, including an oversized primary suite that feels like a private retreat. Step outside to your own private spacious enclosed patio with a storage shed and artificial turf for your pets. The perfect space for morning coffee or evening unwinding. The HOA handles the roof, exterior maintenance, front yard, water, sewer, and trash, so you can spend your time enjoying the community's multiple pools, tennis courts, and basketball courts instead of on upkeep. Two assigned covered parking spaces are right outside your back patio for easy vehicle access. A great opportunity to add your own kitchen updates and build instant equity in an unbeatable Tempe location -- welcome home.

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 $282,416. 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
Bathrooms3
Square feet1,452
Property typeSingle Family
MLS #7072331
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)
$63/mo
Source est. payment (PITI)
$308/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$282,416

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

$0$282,416
Additional funds needed$0

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