Properties / 2558 E BALTIMORE Street
FHA ASSUMABLERate: 4.17%

2558 E BALTIMORE Street

$460,000
Mesa, AZ 85213
3 beds2 baths1,380 sqftSingle Family
The assumable advantage
4.17%
FHA assumed rate
$74,264 interest already paid off
Estimated Loan Balance$396,699
Cash to close$66,126
Est. Monthly PITI$2,636
Initial Loan Amount$427,121
Time on site47 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$63,301
Cash or secondary financing
Monthly savings
$617
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Fantastic home with POOL on a large pie-shape lot! This beauty offers 3 beds, 2 baths, 2-car garage, & a low-care landscape. The inviting interior showcases a neutral palette, recessed lighting, tons of natural light, and wood-look flooring t/out. Functional floor plan featuring a formal living room and a separate family/dining room with a fireplace & French doors to the back. The spotless kitchen boasts SS appliances, quartz counters, subway tile backsplash, white shaker cabinetry, farmhouse sink, and a peninsula w/pendant lights over the breakfast bar. Enter the main bedroom to find another French doors to the back, alongside an ensuite with a vessel sink & a walk-in closet. Enjoy the spacious backyard oasis with a covered patio, artificial turf, string lights, & a fenced pool! Just WOW!

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 $63,301. 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 feet1,380
Property typeSingle Family
MLS #7027919
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)
$2,096/mo
Source est. payment (PITI)
$2,636/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$63,301

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

$0$63,301
Additional funds needed$0

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