Properties / 2022 W ASTER Drive
FHA ASSUMABLERate: 5.41%

2022 W ASTER Drive

$415,000
Phoenix, AZ 85029
4 beds2 baths1,477 sqftSingle Family
The assumable advantage
5.41%
FHA assumed rate
$81,574 interest already paid off
Estimated Loan Balance$366,885
Cash to close$49,170
Est. Monthly PITI$2,701
Initial Loan Amount$387,845
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$48,115
Cash or secondary financing
Monthly savings
$257
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Beautifully updated home in Prime North Phoenix Area! This home features a remodeled kitchen with solid wood cabinets and granite countertops. It features a spacious enclosed Arizona room to be used as an office, game room, or a second living area. Both bathrooms showcase beautifully tiled showers and baths, complementing the home's modern updates. New flooring flows throughout the entire space, adding to the fresh and inviting feel. Step outside to the backyard oasis, where a sparkling pool awaits, perfect for cooling off on warm summer days. Enjoy the convenience of having North Mountain's hiking trails right at your doorstep and quick access to the i17. This home offers the perfect balance of comfort and convenience!

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 $48,115. 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 feet1,477
Property typeSingle Family
MLS #7047925
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)
$2,190/mo
Source est. payment (PITI)
$2,701/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$48,115

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

$0$48,115
Additional funds needed$0

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