Properties / 3401 W LAUREL Lane
FHA ASSUMABLERate: 6.22%

3401 W LAUREL Lane

$350,000
Phoenix, AZ 85029
3 beds2 baths1,524 sqftSingle Family
The assumable advantage
6.22%
FHA assumed rate
$1,126 interest already paid off
Estimated Loan Balance$36,156
Cash to close$313,844
Est. Monthly PITI$451
Initial Loan Amount$36,243
Time on site1 day
Remaining Term39 years, 6 months
Seller's equity (what you pay)
$313,844
Cash or secondary financing
Monthly savings
$1,859
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Do not miss this adorable single-level home with POOL and no HOA! Offering 3 bedrooms, 2 bathrooms, and RV parking! Inside, you'll find inviting living areas perfect for entertaining and relaxation, showcasing tile floors, abundant natural light, a fireplace to ensure cozy winter evenings, and neutral paint that creates a welcoming atmosphere. The kitchen is complete with ample shelves, plenty of counter space, and essential appliances. The primary bedroom promises a good night's sleep, offering a private exit for added comfort and an ensuite for convenience. The sizable AZ room is perfect for casual dining or unwinding after a long day. The backyard boasts a covered patio ideal for morning coffee and a refreshing pool perfect for hot summer days! Welcome home!

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 $313,844. 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 feet1,524
Property typeSingle Family
MLS #7078268
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)
$205/mo
Source est. payment (PITI)
$451/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$313,844

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

$0$313,844
Additional funds needed$0

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