Properties / 21257 N 260TH Drive
FHA ASSUMABLERate: 3.45%

21257 N 260TH Drive

$410,000
Buckeye, AZ 85396
3 beds3 baths2,172 sqftSingle Family
The assumable advantage
3.45%
FHA assumed rate
$30,422 interest already paid off
Estimated Loan Balance$187,175
Cash to close$223,202
Est. Monthly PITI$1,477
Initial Loan Amount$205,026
Time on site41 days
Remaining Term25 years, 7 months
Seller's equity (what you pay)
$222,825
Cash or secondary financing
Monthly savings
$1,499
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Well maintained move in ready home. This open concept home features 3 bedrooms, 2 ½ baths, PLUS den on a nicely sized easy care lot. The upgraded island kitchen has granite counters, warm wood toned cabinets, gas range plus wall oven and microwave, stainless steel appliances, and large pantry. Split floor plan with the primary suite at the back of the home. The spacious primary suite has a walk in shower, 2 vanity areas, and large closet. The remaining bedrooms and den are at the front of the house. Enjoy the wonderful Phoenix weather in the low maintenance back yard with pergola, fire pit, and large covered patio. The yard is large enough to add a pool if desired. Enjoy all the amenities this community has to offer.

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 $222,825. 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 feet2,172
Property typeSingle Family
MLS #7061164
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)
$919/mo
Source est. payment (PITI)
$1,477/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$222,825

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

$0$222,825
Additional funds needed$0

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