Properties / 16113 N 26TH Place
FHA ASSUMABLERate: 3.91%

16113 N 26TH Place

$410,000
Phoenix, AZ 85032
4 beds2 baths1,506 sqftSingle Family
The assumable advantage
3.91%
FHA assumed rate
$55,239 interest already paid off
Estimated Loan Balance$79,768
Cash to close$331,698
Est. Monthly PITI$879
Initial Loan Amount$116,745
Time on site50 days
Remaining Term15 years, 10 months
Seller's equity (what you pay)
$330,232
Cash or secondary financing
Monthly savings
$1,854
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Beautifully maintained, original owner home tucked away on a quiet cul-de-sac offering privacy, efficiency, and easy living. This 4 bedroom, 2 bath home features a completely private backyard with low-maintenance artificial turf, while the front yard is fully xeriscaped for effortless upkeep. Inside, you'll find thoughtful updates throughout, including brand new flooring (2024), a new HVAC system (2024), and a new water heater (2023). The kitchen includes a recently installed dishwasher (2026), and all windows are double pane for enhanced energy efficiency and comfort. Additional highlights include an Energy Star build and a spacious 2-car garage with track improvements completed in 2021. Located in a desirable North Phoenix neighborhood, this home offers convenient access to shopping dining, and everyday essentials, along with nearby parks, hiking trails, and outdoor recreation. Phoenix is known for its expansive park system and access to miles of desert trails, giving you the perfect balance of city convenience and outdoor lifestyle.

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 $330,232. 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 feet1,506
Property typeSingle Family
MLS #7016950
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)
$564/mo
Source est. payment (PITI)
$879/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$330,232

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

$0$330,232
Additional funds needed$0

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