Properties / 6202 E MCKELLIPS Road
FHA ASSUMABLERate: 6.67%

6202 E MCKELLIPS Road

$435,000
Mesa, AZ 85215
2 beds2 baths1,633 sqftSingle Family
The assumable advantage
6.67%
FHA assumed rate
$36,761 interest already paid off
Estimated Loan Balance$411,265
Cash to close$24,127
Est. Monthly PITI$3,224
Initial Loan Amount$416,157
Time on site18 days
Remaining Term28 years, 9 months
Seller's equity (what you pay)
$23,735
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to this impeccably maintained, upgraded villa located in the highly desirable, gated golf community of Tuscany Villas at Painted Mountain Golf Resort. Villa is an end unit featuring an oversized, south-facing backyard & a private, gated courtyard entry. Inside, an open floor plan awaits, showcasing a gourmet kitchen with granite countertops, a generous island, modern chalk appliances & custom cabinetry with pull-out drawers. Both an informal dining area & a formal dining room provide versatile spaces for hosting. The spacious great room, accented by large windows and elegant tile flooring, offers abundant natural light. The master retreat boasts a walk-in closet, a luxurious soaking tub, and a walk-in shower, while the second bedroom is private with full bathroom. This home features its own private driveway and an extended two-car garage complete with built-in cabinetry for added storage. The backyard is beautifully landscaped, offering a peaceful setting for relaxation or entertaining. Enjoy added comfort with an electric retractable awning for sun protection and an extended patio perfect for outdoor living. The HOA provides additional amenities for a worry-free lifestyle.Tuscany Villas offers residents exclusive access to a luxurious clubhouse and a variety of exceptional amenities designed for leisure and recreation. Enjoy refreshing dips in the pools, unwind at the spa, or maintain an active lifestyle in the state-of-the-art fitness center. Engage in friendly competition on the pickleball courts or challenge friends to a game of pool. The community also features beautifully landscaped parks and playgrounds, inviting gathering spaces, and scenic walking paths, ensuring a vibrant and active lifestyle for all residents.

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 $23,735. 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

Bedrooms2
Bathrooms2
Square feet1,633
Property typeSingle Family
MLS #7069236
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)
$2,682/mo
Source est. payment (PITI)
$3,224/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$23,735

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

$0$23,735
Additional funds needed$0

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