Properties / 16387 W MONTE CRISTO Avenue
FHA ASSUMABLERate: 6.91%

16387 W MONTE CRISTO Avenue

$409,000
Surprise, AZ 85388
3 beds2 baths1,825 sqftSingle Family
The assumable advantage
6.91%
FHA assumed rate
$26,644 interest already paid off
Estimated Loan Balance$255,343
Cash to close$153,894
Est. Monthly PITI$2,087
Initial Loan Amount$258,953
Time on site19 days
Remaining Term28 years, 6 months
Seller's equity (what you pay)
$153,657
Cash or secondary financing
Monthly savings
$702
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Welcome to this well-maintained 3-bedroom, 2-bath home with a versatile den--perfect for a home office, playroom, or workout space. Enjoy a comfortable layout, newer A/C, and flexible living space designed for everyday living. Step outside to a backyard ready for relaxing, entertaining, or creating your own outdoor retreat. Car enthusiasts, hobbyists, and DIY lovers will appreciate the 2-car garage featuring A/C and a welder hookup--an exceptional bonus for projects and year-round comfort! Conveniently located near shopping, dining, schools, and major routes, this Surprise home offers versatility and features you won't want to miss. Come see the possibilities and make it yours!

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 $153,657. 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 feet1,825
Property typeSingle Family
MLS #7070237
CountyMaricopa County
Assumable loanFHA
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Free · No commitment · Typical reply in 15 min
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)
$1,710/mo
Source est. payment (PITI)
$2,087/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$153,657

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

$0$153,657
Additional funds needed$0

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