Properties / 2547 W ADAMS Street
FHA ASSUMABLERate: 6.34%

2547 W ADAMS Street

$365,000
Phoenix, AZ 85009
3 beds2 baths1,307 sqftSingle Family
The assumable advantage
6.34%
FHA assumed rate
$78,403 interest already paid off
Estimated Loan Balance$373,981
Cash to close$0
Est. Monthly PITI$2,803
Initial Loan Amount$387,845
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$0
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

Looking for a new home? You've found it! This beautiful 3 bed, 2 bath property in Hyde Park sits on a premium corner lot & features a fully fenced front yard plus back alley access. Discover a spacious open concept w/elegant wood-look flooring and crisp palette throughout, perfect for entertaining. The fabulous kitchen comes equipped w/shaker cabinetry, butcher block counters, subway tile backsplash, and all the stainless steel appliances you'll need for preparing your favorite meals. You'll love the primary suite, boasting a private bath and direct outdoor access. Lastly, the expansive backyard w/its paved seating areas, is the perfect place for a summer cookout w/friends & loved ones! What are you waiting for? Act now!

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 $0. 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 feet1,307
Property typeSingle Family
MLS #7043498
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)
$2,419/mo
Source est. payment (PITI)
$2,803/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.