Properties / 24059 N 163RD Drive
FHA ASSUMABLERate: 4.37%

24059 N 163RD Drive

$427,000
Surprise, AZ 85387
4 beds3 baths3,123 sqftSingle Family
The assumable advantage
4.37%
FHA assumed rate
$82,918 interest already paid off
Estimated Loan Balance$237,228
Cash to close$190,780
Est. Monthly PITI$1,858
Initial Loan Amount$273,946
Time on site50 days
Remaining Term22 years, 8 months
Seller's equity (what you pay)
$189,772
Cash or secondary financing
Monthly savings
$1,142
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

Welcome to this beautifully maintained home offering a spacious and functional layout designed for everyday living. The kitchen features granite countertops, maple cabinetry, stainless steel appliances, and plenty of workspace, flowing seamlessly into the main living areas with elegant ceramic tile flooring. The primary suite provides a peaceful retreat with a generous sitting area and private access to a balcony, perfect for enjoying your morning coffee or relaxing at the end of the day. Conveniently located near shopping, dining, golf courses, parks, the White Tank Mountains, the Surprise Aquatic Center, DreamCatcher Park, and Surprise Stadium, this home offers easy access to recreation, entertainment, and everything the area has to offer.

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 $189,772. 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
Bathrooms3
Square feet3,123
Property typeSingle Family
MLS #7056438
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)
$1,376/mo
Source est. payment (PITI)
$1,858/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$189,772

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

$0$189,772
Additional funds needed$0

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