Properties / 8534 W MARIPOSA Drive
FHA ASSUMABLERate: 6.34%

8534 W MARIPOSA Drive

$299,000
Phoenix, AZ 85037
4 beds2 baths1,461 sqftSingle Family
The assumable advantage
6.34%
FHA assumed rate
$67,486 interest already paid off
Estimated Loan Balance$321,533
Cash to close$0
Est. Monthly PITI$2,542
Initial Loan Amount$333,841
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$0
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

Fantastic opportunity to own this charming single-level home in Horizons on Camelback! Providing 4 beds, 2 baths, 2-car garage, and a low-care landscape. Discover a formal living room and a seamlessly flowing dining & family room with sliding doors to the back! Vaulted ceilings add to the airy feel, complemented by abundant natural light, a neutral palette, and wood-look flooring throughout. The kitchen boasts SS appliances, ample white cabinetry, and a 2-tier peninsula w/breakfast bar. The primary bedroom has a private bathroom for added comfort. If you want to relax or enjoy BBQ, the backyard awaits you with a covered patio & synthetic lawn! Convenient location with easy freeway access, shopping, dining, neighborhood parks, and quick trips to Downtown Phoenix & more. Make this gem yours!

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 $0. 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 feet1,461
Property typeSingle Family
MLS #7052562
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)
$2,082/mo
Source est. payment (PITI)
$2,542/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.