Properties / 1128 N WALNUT Drive
FHA ASSUMABLERate: 2.6%

1128 N WALNUT Drive

$309,000
Casa Grande, AZ 85122
4 beds2 baths1,847 sqftSingle Family
The assumable advantage
2.6%
FHA assumed rate
$22,624 interest already paid off
Estimated Loan Balance$143,134
Cash to close$166,213
Est. Monthly PITI$994
Initial Loan Amount$164,155
Time on site37 days
Remaining Term24 years, 5 months
Seller's equity (what you pay)
$165,866
Cash or secondary financing
Monthly savings
$1,162
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Spacious 4-bedroom, 2 full-bath home offering comfort, character, and thoughtful updates throughout. The kitchen features granite countertops with an open dining area, creating a functional space for everyday living and entertaining. The primary bathroom includes floating double vanities and convenient access from both the primary suite and the hallway. Wood-look tile flooring runs throughout the main living areas, with plush carpet in the bedrooms. Enjoy the warmth of the fireplace on cooler evenings or unwind in the enclosed Arizona room overlooking the backyard. Additional features include remodeled laundry room, exterior storage, and parking for up to three vehicles plus additional street parking. Conveniently located just minutes from shopping, schools, parks, and easy access to and I-8, this home offers plenty of space, charm, and a location that makes daily living convenient.

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 $165,866. 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 feet1,847
Property typeSingle Family
MLS #7062411
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)
$660/mo
Source est. payment (PITI)
$994/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$165,866

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

$0$165,866
Additional funds needed$0

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