Properties / 2863 W MURIEL Drive
FHA ASSUMABLERate: 6.5%

2863 W MURIEL Drive

$374,000
Phoenix, AZ 85053
3 beds2 baths1,320 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$43,949 interest already paid off
Estimated Loan Balance$350,017
Cash to close$25,060
Est. Monthly PITI$2,655
Initial Loan Amount$356,447
Time on site50 days
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$23,983
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

Move in Ready! **Property qualifies for 2% location based incentive/concession for qualified conventional buyers. Please reach out to LA for more information** This 3-bedroom, 2-bath single-family home in NORTH PHOENIX, ideally LOCATED NEAR the LOOP 101 and I-17 with convenient access to shopping, dining, entertainment, outdoor recreation, and major commuter routes. Featuring solar panels, a Tesla Powerwall 3, newer roof, stainless steel appliances, water softener, reverse osmosis system, and a 2-car garage, this home offers comfort, convenience, and energy-conscious living. The refrigerator, washer, and dryer are also included. Inside, vaulted ceilings and an open layout create a bright, airy feel. The living room flows into the dining area and centrally located kitchen, making everyday living and entertaining easy. Large windows bring in natural light while the thoughtful floor plan offers comfortable spaces to gather, relax, and make yourself at home. Step outside to enjoy a backyard with grass, mature shade trees, and a covered patio complete with misters and ambient string lighting--perfect for morning coffee, weekend barbecues, or relaxing Arizona evenings. Located near shopping, dining, entertainment, outdoor recreation, and major commuter routes this home makes it easy to enjoy the Arizona lifestyle. Whether you're commuting across the Valley, exploring nearby trails, or simply enjoying the convenience of North Phoenix living, you'll appreciate everything this location has to offer.

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 $23,983. 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 feet1,320
Property typeSingle Family
MLS #7041105
CountyMaricopa County
Assumable loanFHA
Tour this home
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Free · No commitment · Typical reply in 15 min
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)
$2,262/mo
Source est. payment (PITI)
$2,655/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$23,983

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

$0$23,983
Additional funds needed$0

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