Properties / 40983 W SUNLAND Drive
FHA ASSUMABLERate: 6.78%

40983 W SUNLAND Drive

$410,000
Maricopa, AZ 85138
4 beds2 baths1,881 sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$53,552 interest already paid off
Estimated Loan Balance$360,951
Cash to close$49,409
Est. Monthly PITI$2,934
Initial Loan Amount$368,678
Time on site36 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$49,049
Cash or secondary financing
Monthly savings
$15
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Step into modern luxury with this stunning recent build, offering 1,881 square feet of thoughtfully designed space. Located in the highly sought after Rancho El Dorado community, enjoy a bright, open layout with four spacious bedrooms and two beautifully appointed bathrooms. Perfect for everyday living and entertaining. The kitchen features modern finishes, complete with gas stove, while the backyard provides a blank canvas for your outdoor vision. Don't let this one pass you buy ;)

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 $49,049. 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
Square feet1,881
Property typeSingle Family
MLS #7060833
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)
$2,403/mo
Source est. payment (PITI)
$2,934/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$49,049

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

$0$49,049
Additional funds needed$0

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