Properties / 517 N 105TH Place
FHA ASSUMABLERate: 4.07%

517 N 105TH Place

$395,000
Mesa, AZ 85207
4 beds2 baths1,648 sqftSingle Family
The assumable advantage
4.07%
FHA assumed rate
$66,482 interest already paid off
Estimated Loan Balance$211,871
Cash to close$184,505
Est. Monthly PITI$1,603
Initial Loan Amount$244,200
Time on site50 days
Remaining Term22 years, 11 months
Seller's equity (what you pay)
$183,129
Cash or secondary financing
Monthly savings
$1,143
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

This home features a desirable split floor plan with 4 bedrooms and a spacious great room. The kitchen offers custom paint finishes and stainless steel appliances, creating a warm and inviting space for everyday living and entertaining. The primary suite opens to a large bathroom complete with dual sinks, a walk-in closet, and a separate toilet room. The home and yard could use a little TLC, including AC repairs, but with some updates and care, this property has the potential to truly become your ''home sweet home'' or investment property.

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 $183,129. 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
Bathrooms2
Square feet1,648
Property typeSingle Family
MLS #7033374
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)
$1,186/mo
Source est. payment (PITI)
$1,603/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$183,129

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

$0$183,129
Additional funds needed$0

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