Properties / 40111 W COLTIN Way
FHA ASSUMABLERate: 3.98%

40111 W COLTIN Way

$349,000
Maricopa, AZ 85138
4 beds3 baths1,864 sqftSingle Family
The assumable advantage
3.98%
FHA assumed rate
$65,613 interest already paid off
Estimated Loan Balance$128,058
Cash to close$221,314
Est. Monthly PITI$1,251
Initial Loan Amount$167,294
Time on site47 days
Remaining Term19 years
Seller's equity (what you pay)
$220,942
Cash or secondary financing
Monthly savings
$1,257
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Imagine enjoying your morning coffee with the beautiful park view instead of another backyard. Built in 2015, this thoughtfully designed home offers one of the best locations in the neighborhood with view fencing overlooking the community park and no rear neighbors. I nside, you'll find 4 bedrooms plus a den, 2 and 1/2 bathrooms, and an inviting open floor plan for comfortable living. The kitchen flows seamlessly into the dining and living areas making entertaining easy, while the versatile den is perfect for a home office, playroom, or hobby space. The seller is offering a carpet allowance with an acceptable offer, giving buyers the freedom to select flooring that reflects their own taste. This home combines location, space, and the opportunity to personalize it into your sweet dream 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 $220,942. 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
Bathrooms3
Square feet1,864
Property typeSingle Family
MLS #7058778
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)
$801/mo
Source est. payment (PITI)
$1,251/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$220,942

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

$0$220,942
Additional funds needed$0

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