Properties / 1702 S 223RD Lane
FHA ASSUMABLERate: 6.71%

1702 S 223RD Lane

$425,000
Buckeye, AZ 85326
4 beds3 baths2,048 sqftSingle Family
The assumable advantage
6.71%
FHA assumed rate
$80,188 interest already paid off
Estimated Loan Balance$361,809
Cash to close$63,983
Est. Monthly PITI$2,916
Initial Loan Amount$374,328
Time on site50 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$63,191
Cash or secondary financing
Monthly savings
$80
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Energy-efficient and move-in ready home built in 2023, situated on an oversized lot and featuring an open-concept floor plan with 4 spacious bedrooms and modern finishes throughout. The inviting primary suite offers dual sinks, a large walk-in glass shower, and a generous walk-in closet. The stylish kitchen is designed for both function and entertaining, showcasing espresso cabinets with crown molding, granite countertops, a large center island, stainless steel appliances, and a walk-in pantry. Ideally located with convenient access to I-10, this home provides easy commuting to major employers and quick access to schools, shopping, dining, and entertainment. Residents of the Coyote Ridge community enjoy walking and biking paths, playgrounds, ping-pong tables, and a cornhole court.

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 $63,191. 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 feet2,048
Property typeSingle Family
MLS #7042317
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)
$2,426/mo
Source est. payment (PITI)
$2,916/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$63,191

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

$0$63,191
Additional funds needed$0

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