Properties / 510 N 10TH Street
FHA ASSUMABLERate: 5%

510 N 10TH Street

$365,000
Phoenix, AZ 85006
3 beds1 baths768 sqftSingle Family
The assumable advantage
5%
FHA assumed rate
$7,701 interest already paid off
Estimated Loan Balance$263,395
Cash to close$101,605
Est. Monthly PITI$1,811
Initial Loan Amount$265,000
Time on site37 days
Remaining Term29 years, 6 months
Seller's equity (what you pay)
$101,605
Cash or secondary financing
Monthly savings
$729
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

After investing $110K into remodeling, almost everything in this home is new as of 2025, including AC, roof, plumbing, wiring, sewer line, foundation,framing of both sides, duct works, kitchen, bathroom, insulation, windows, stucco, interior, exterior paint, flooring, tankless water heater, appliances, fixtures and garbage disposal. All beds in the pictures are Queen-size. Minutes to ASU Phoenix campus, Chase Field, U of A, Roosevelt Row, restaurants, shops, entertainment, hospitals, and I-10 freeway, enjoy City Life. This home is qualified Empower Down Payment Assistant Program. FHA loan with down payment assistance equal to 5% of the sale price! Another option is 1% lower interest rate for first year! No HOA!

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 $101,605. 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
Bathrooms1
Square feet768
Property typeSingle Family
MLS #7062594
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)
$1,424/mo
Source est. payment (PITI)
$1,811/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$101,605

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

$0$101,605
Additional funds needed$0

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