Properties / 6229 S CLANCY
FHA ASSUMABLERate: 7.57%

6229 S CLANCY

$599,999
Mesa, AZ 85212
4 beds3 baths2,214 sqftSingle Family
The assumable advantage
7.57%
FHA assumed rate
$117,511 interest already paid off
Estimated Loan Balance$525,958
Cash to close$75,004
Est. Monthly PITI$4,388
Initial Loan Amount$539,427
Time on site50 days
Remaining Term27 years, 2 months
Seller's equity (what you pay)
$74,041
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

WELCOME HOME to this STUNNING, bright and open concept floor plan in the East Valley's coveted Destination at Gateway! METICULOUSLY cared for, this 4 bedroom/3 bath model like home spares no missed detail. Featuring A MOTHER-IN-LAW SUITE perfect for family, guests, a home based business or family headquarters! Thoughtful upgrades including flooring and accent walls give this home so much charm!l Large entertainer's modern chef kitchen boasts extra cabinets, granite countertops, walk in pantry and large island with breakfast bar. Private backyard is perfect with no neighbors behind. The community is in one of the valley's hottest zip codes with growth and opportunity galore. Close to freeways, dining, shopping and great school choices. This home is a MUST SEE!

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 $74,041. 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
Bathrooms3
Square feet2,214
Property typeSingle Family
MLS #7047559
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)
$3,808/mo
Source est. payment (PITI)
$4,388/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$74,041

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

$0$74,041
Additional funds needed$0

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