Properties / 860 N MCQUEEN Road
FHA ASSUMABLERate: 6.81%

860 N MCQUEEN Road

$349,999
Chandler, AZ 85225
2 beds2 baths1,055 sqftSingle Family
The assumable advantage
6.81%
FHA assumed rate
$66,725 interest already paid off
Estimated Loan Balance$321,998
Cash to close$29,022
Est. Monthly PITI$2,528
Initial Loan Amount$331,877
Time on site50 days
Remaining Term27 years
Seller's equity (what you pay)
$28,001
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Stunning townhome nestled in one of Chandler's most convenient locations with impressive updates throughout. The downstairs has been beautifully reimagined to create a bright, open, and spacious layout perfect for everyday living and entertaining guests. The whole home features brand new windows that flood the home with natural light while significantly boosting energy efficiency. When you're ready to unwind, the community pool is just steps from your front door. Commuters will love the unbeatable access to both the Loop 202 and 101 freeways, and everything you need is right around the corner including Chandler Fashion Center, top-rated dining, and endless shopping options. This is the one you've been waiting for.

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 $28,001. 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

Bedrooms2
Bathrooms2
Square feet1,055
Property typeSingle Family
MLS #7038265
CountyMaricopa County
Assumable loanFHA
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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
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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)
$2,175/mo
Source est. payment (PITI)
$2,528/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$28,001

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

$0$28,001
Additional funds needed$0

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