Properties / 189 S ADONIS Avenue
FHA ASSUMABLERate: 6.9%

189 S ADONIS Avenue

$165,660
Miami, AZ 85539
4 beds2 baths sqftSingle Family
The assumable advantage
6.9%
FHA assumed rate
$41,082 interest already paid off
Estimated Loan Balance$155,769
Cash to close$10,408
Est. Monthly PITI$1,367
Initial Loan Amount$162,011
Time on site50 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$9,891
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

Duplex featuring two 2-bedroom, 1-bath units. Each unit offers comfortable living spaces and private entrances. There are no inspection or financing contingencies on this cash only purchase. No Buyer Premium on this property. It is a criminal offense to trespass on this property.

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 $9,891. 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
Bathrooms2
Property typeSingle Family
MLS #7045375
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)
$1,072/mo
Source est. payment (PITI)
$1,367/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$9,891

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

$0$9,891
Additional funds needed$0

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