Properties / 860 N MCQUEEN Road
FHA ASSUMABLERate: 7.04%

860 N MCQUEEN Road

$310,000
Chandler, AZ 85225
3 beds3 baths1,512 sqftSingle Family
The assumable advantage
7.04%
FHA assumed rate
$123,791 interest already paid off
Estimated Loan Balance$14,229
Cash to close$298,865
Est. Monthly PITI$880
Initial Loan Amount$88,573
Time on site50 days
Remaining Term1 year, 7 months
Seller's equity (what you pay)
$295,771
Cash or secondary financing
Monthly savings
$1,034
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Two-level townhome featuring three bedrooms and two-and-one-half bathrooms. The main level offers a living room, breakfast nook, and kitchen. Upstairs, you'll find all three spacious bedrooms. The private backyard includes pavers for easy maintenance. The community offers two pools and walking paths throughout the complex. Located in Chandler, close to schools, restaurants, and with easy access to the 202 Freeway and Highway 60.

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 $295,771. 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
Bathrooms3
Square feet1,512
Property typeSingle Family
MLS #7007926
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
FHA is primary-residence only. But Jeff has VA assumables in the same area.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$794/mo
Source est. payment (PITI)
$880/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$295,771

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

$0$295,771
Additional funds needed$0

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