Properties / 8121 N 32ND Drive
FHA ASSUMABLERate: 3.72%

8121 N 32ND Drive

$214,900
Phoenix, AZ 85051
3 beds1 baths1,008 sqftSingle Family
The assumable advantage
3.72%
FHA assumed rate
$31,486 interest already paid off
Estimated Loan Balance$119,571
Cash to close$95,856
Est. Monthly PITI$908
Initial Loan Amount$137,365
Time on site50 days
Remaining Term23 years, 5 months
Seller's equity (what you pay)
$95,329
Cash or secondary financing
Monthly savings
$629
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

This beautifully 3-bedroom, 1-bath townhouse offers the perfect blend of modern upgrades, comfort, and convenience. Step inside to discover brand-new flooring throughout, creating a fresh and inviting feel from the moment you enter. The fully updated bathroom features stylish finishes, contemporary fixtures, and a clean, modern design you'll love. Stay comfortable year-round with the brand-new A/C unit, providing energy-efficient cooling and peace of mind for years to come. The spacious living area flows seamlessly into the dining space and functional kitchen, offering the perfect layout for everyday living and entertaining. Three generously sized bedrooms provide flexibility for family, guests, or a home office. Step outside to your private patio, ideal for enjoying your morning coffee, relaxing in the evenings, or creating your own outdoor retreat. Whether you're a first-time homebuyer, downsizing, or searching for a great investment opportunity, this home checks all the boxes with its tasteful updates and low-maintenance lifestyle. Conveniently located near shopping, restaurants, parks, schools, and major freeways, you'll enjoy easy access to everything you need. Don't miss this incredible opportunity to own a beautifully updated, move-in-ready townhouse with a brand-new A/C, new flooring, and a remodeled bathroom all at an exceptional value!

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 $95,329. 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 feet1,008
Property typeSingle Family
MLS #7053861
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)
$638/mo
Source est. payment (PITI)
$908/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$95,329

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

$0$95,329
Additional funds needed$0

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