Properties / 8730 W EARLL Drive
FHA ASSUMABLERate: 6.11%

8730 W EARLL Drive

$370,000
Phoenix, AZ 85037
4 beds2 baths1,632 sqftSingle Family
The assumable advantage
6.11%
FHA assumed rate
$410 interest already paid off
Estimated Loan Balance$20,155
Cash to close$349,864
Est. Monthly PITI$395
Initial Loan Amount$20,175
Time on site24 days
Remaining Term29 years, 9 months
Seller's equity (what you pay)
$349,845
Cash or secondary financing
Monthly savings
$2,059
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

4 Bedrooms, 2 Baths, Eat in Kitchens, and appliances included. Fireplace in the Living Room, Sitting area in the Master Bedroom, enclosed Laundry/ storage area, New paint interior/exterior, new light fixtures, new water heater, tile through out. Energy efficient new dual pane windows throughout and foam roof.

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 $349,845. 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

Bedrooms4
Bathrooms2
Square feet1,632
Property typeSingle Family
MLS #7067517
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)
$123/mo
Source est. payment (PITI)
$395/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$349,845

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

$0$349,845
Additional funds needed$0

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