Properties / 4224 W NORTH Lane
FHA ASSUMABLERate: 2.68%

4224 W NORTH Lane

$365,000
Phoenix, AZ 85051
3 beds2 baths1,878 sqftSingle Family
The assumable advantage
2.68%
FHA assumed rate
$31,499 interest already paid off
Estimated Loan Balance$198,046
Cash to close$168,826
Est. Monthly PITI$1,328
Initial Loan Amount$224,613
Time on site50 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$166,954
Cash or secondary financing
Monthly savings
$1,233
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

Amazing opportunity in a prime cul-de-sac location! This spacious 3-bedroom, 2-bath home offers owned PAID OFF solar system, a paid-off Rainwater softener, and an ideal floor plan featuring a large flex room perfect for an office, media room, or play space. Interior highlights include granite countertops, abundant storage, and a cozy wood-burning fireplace. Situated on a large corner lot with extended driveway parking, 2-car garage, and easy-maintenance landscaping. Enjoy resort-style community amenities including pool, tennis, pickleball, and playgrounds, all while being just minutes from shopping, dining, and top-rated schools. A rare blend of space, upgrades, efficiency, and lifestyle.

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 $166,954. 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 feet1,878
Property typeSingle Family
MLS #7023035
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)
$920/mo
Source est. payment (PITI)
$1,328/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$166,954

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

$0$166,954
Additional funds needed$0

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