Properties / 5727 S HEMET Street
FHA ASSUMABLERate: 3.81%

5727 S HEMET Street

$660,000
Gilbert, AZ 85298
3 beds2 baths2,079 sqftSingle Family
The assumable advantage
3.81%
FHA assumed rate
$78,602 interest already paid off
Estimated Loan Balance$265,623
Cash to close$394,976
Est. Monthly PITI$2,011
Initial Loan Amount$309,320
Time on site42 days
Remaining Term22 years, 11 months
Seller's equity (what you pay)
$394,377
Cash or secondary financing
Monthly savings
$2,442
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Proudly offered by its original owners, this meticulously maintained home sits on a premium corner lot backing to a peaceful greenbelt, offering added privacy and an open, spacious feel that's hard to find. Designed with both everyday comfort and entertaining in mind, the home features a thoughtfully appointed gourmet kitchen complete with granite countertops, self-closing cabinetry with upgraded deep drawers, double ovens, a 40-bottle wine refrigerator, and abundant workspace for preparing meals and gathering with family and friends. Warm wood plank ceilings add character and architectural charm, while tile flooring flows throughout the main living areas with comfortable carpet in the bedrooms and luxury vinyl plank flooring in one secondary bedroom. The extended garage is equally impressive, featuring epoxy-coated floors, built-in storage cabinets, and plenty of room for vehicles, hobbies, or a workshop. A tankless water heater provides added energy efficiency and convenience. Step outside and discover a backyard designed to rival your favorite resort. Beautiful travertine patios, artificial turf, a built-in BBQ, outdoor bar, relaxing spa beneath a pergola, and a private sauna create the ultimate setting for entertaining or unwinding after a long day. The brick paver driveway offers parking for up to three vehicles, adding both curb appeal and functionality. From its premium lot and carefully selected upgrades to its incredible outdoor living spaces, this home delivers a rare combination of quality, comfort, and lifestyle in a truly desirable setting.

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 $394,377. 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 feet2,079
Property typeSingle Family
MLS #7060879
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)
$1,450/mo
Source est. payment (PITI)
$2,011/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$394,377

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

$0$394,377
Additional funds needed$0

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