Properties / 15856 W SKINNER Road
FHA ASSUMABLERate: 6.54%

15856 W SKINNER Road

$599,000
Surprise, AZ 85387
3 beds2 baths1,597 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$95,801 interest already paid off
Estimated Loan Balance$431,927
Cash to close$168,053
Est. Monthly PITI$3,295
Initial Loan Amount$447,858
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$167,073
Cash or secondary financing
Monthly savings
$681
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

RARE OPPORTUNITY to own this BEAUTIFUL HOME on a PRIVATE 2.45 ACRE lot in NE Surprise-where you can ENJOY the PEACE and FREEDOM of COUNTRY LIVING while being CLOSE to everyday CONVENIENCES*Newer A/C provides PEACE OF MIND*You have VAULTED CEILINGS, FIREPLACE, and LARGE GREAT ROOM that INVITES everyday living and entertaining*EAT-IN KITCHEN with UPDATED CABINETS, GRANITE COUNTERS, BREAKFAST BAR, and WALK-IN PANTRY*FLEX DINING SPACE*OWNER RETREAT has FRENCH DOORS to the EXTENDED SUN ROOM and BEAUTIFULLY UPGRADED SHOWER*STEP OUTSIDE to your FENCED PEBBLE TEC POOL with NEWER POOL PUMP and SOOTHING WATERFALL*BARN*KINETICO whole home filtration*This property offers SPACE, PRIVACY, and ENDLESS POSSIBILITIES*Bring your TOYS, ANIMALS, and DREAMS and COME see why this is a PERFECT PLACE to call 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 $167,073. 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 feet1,597
Property typeSingle Family
MLS #7055749
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)
$2,852/mo
Source est. payment (PITI)
$3,295/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$167,073

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

$0$167,073
Additional funds needed$0

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