Properties / 5738 N 191st Drive
FHA ASSUMABLERate: 6.27%

5738 N 191st Drive

$481,000
Litchfield Park, AZ 85340
3 beds2 baths1,842 sqftSingle Family
The assumable advantage
6.27%
FHA assumed rate
$91,395 interest already paid off
Estimated Loan Balance$418,700
Cash to close$63,301
Est. Monthly PITI$3,263
Initial Loan Amount$435,452
Time on site50 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$62,300
Cash or secondary financing
Monthly savings
$140
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

A True Classic! HONEY Stop the car IM IN LOVE! Your new home boasts invitation and warmth! Upgraded porcelain wood grain plank flooring throughout entire home except 3 bedrooms, HUGE great room concept allows for entertainment, Kitchen is absolutely stunning, rare espresso black cabinets beautifully transition against the gourmet stainless steel hood, appliances and white quartz...Designed purposely to make you feel at home. Den & spare bed are split from Master, Laundry room is separate from garage upgraded washer and dryer, low maintenance landscaping front and back. Preview! This home will not last, Priced to sell!

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 $62,300. 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
Bathrooms2
Square feet1,842
Property typeSingle Family
MLS #7047078
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)
$2,697/mo
Source est. payment (PITI)
$3,263/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$62,300

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

$0$62,300
Additional funds needed$0

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