Properties / 5483 W BUTLER Drive
FHA ASSUMABLERate: 6.82%

5483 W BUTLER Drive

$249,900
Glendale, AZ 85302
3 beds3 baths1,696 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$45,538 interest already paid off
Estimated Loan Balance$283,350
Cash to close$0
Est. Monthly PITI$2,231
Initial Loan Amount$289,656
Time on site50 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$0
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

Discover the epitome of charm, comfort, and impeccable cleanliness with this captivating 3-bedroom, 2.5-bath, two-story townhouse located in Northern Manor West Community. Step inside to a welcoming eat-in kitchen that offers abundant counter space and generous cabinetry. Relax in the spacious family room with picture window showcasing the mature trees in the front yard. The functional layout includes a convenient main-level half bath and laundry room, augmented with extra storage solutions for a clutter-free living environment. Upstairs, the master bedroom unfolds s a sanctuary, featuring a private balcony accessed through dual-pane sliding doors and equipped with two closets (walk-in and reach-in) for ample storage and a private master bathroom. Additionally, two generously sized guest bedrooms and a full bath. Outdoor living is redefined with a fenced-in patio offering seamless access to additional storage and two designated covered parking spots. Revel in the community amenities just a short stroll away, including a refreshing pool, spa, and sports court, fostering a vibrant and active lifestyle. Easy access to ASU West, Glendale Community College, essential grocery stores, and varied shopping options, this townhouse presents an unparalleled opportunity for savvy investors and first-time home buyers alike, promising a blend of lifestyle and convenience. With the HOA covering water, trash, exterior maintenance, and all amenities, this home isn't just a residence; it's a gateway to a carefree, enriched living experience.

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 $0. 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
Bathrooms3
Square feet1,696
Property typeSingle Family
MLS #7047309
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)
$1,900/mo
Source est. payment (PITI)
$2,231/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.