Properties / 3201 S 63RD Lane
FHA ASSUMABLERate: 3.33%

3201 S 63RD Lane

$479,999
Phoenix, AZ 85043
4 beds3 baths3,189 sqftSingle Family
The assumable advantage
3.33%
FHA assumed rate
$58,850 interest already paid off
Estimated Loan Balance$258,211
Cash to close$221,194
Est. Monthly PITI$1,859
Initial Loan Amount$298,493
Time on site1 day
Remaining Term23 years, 9 months
Seller's equity (what you pay)
$221,788
Cash or secondary financing
Monthly savings
$1,519
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Welcome to 3201 S 63rd Ln! This spacious Phoenix home offers plenty of room to spread out and enjoy, with a comfortable layout and generous living spaces throughout. One of the standout features is the added privacy of having no neighbors directly behind the property, creating a more open feel in the backyard. Conveniently located near shopping, dining, schools, parks and major freeways, with easy access to Downtown Phoenix and surrounding areas. If you're looking for a larger home with extra space, a great location and added backyard privacy, this one is worth a look!

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 $221,788. 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 feet3,189
Property typeSingle Family
MLS #7077829
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
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
Call

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)
$1,312/mo
Source est. payment (PITI)
$1,859/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$221,788

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

$0$221,788
Additional funds needed$0

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