Properties / 18232 N 26TH Place
FHA ASSUMABLERate: 6.71%

18232 N 26TH Place

$455,000
Phoenix, AZ 85032
3 beds2 baths1,431 sqftSingle Family
The assumable advantage
6.71%
FHA assumed rate
$87,872 interest already paid off
Estimated Loan Balance$417,939
Cash to close$37,515
Est. Monthly PITI$3,258
Initial Loan Amount$431,931
Time on site37 days
Remaining Term27 years
Seller's equity (what you pay)
$37,061
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

Immaculate and updated home for comfortable living in a great northeast, PV school district, living with elementary 6 streets south and just about 1 mile to PV community college. Brand new HVAC and Hot water heater. Has all tile through out. Fans with lights all rooms. Recently and beautifully updated baths. Updated kitchen with recent appliances and refrigerator, island and pantry. Full laundry room off kitchen with washer and dryer plus additional pantry shelves. The roof condition appears recent check the SPDS for age. Has a sprinkler system which comes as is because the electrical lines cut for auto operation. Lots of natural shade front and back yards still leaving good natural light inside the home. Easy to fall in love with this one! Show and I predict a sale in your future!

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 $37,061. 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 feet1,431
Property typeSingle Family
MLS #7062525
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)
$2,796/mo
Source est. payment (PITI)
$3,258/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$37,061

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

$0$37,061
Additional funds needed$0

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