Properties / 2033 N 107TH Drive
FHA ASSUMABLERate: 6.92%

2033 N 107TH Drive

$375,000
Avondale, AZ 85392
3 beds3 baths1,909 sqftSingle Family
The assumable advantage
6.92%
FHA assumed rate
$48,657 interest already paid off
Estimated Loan Balance$335,695
Cash to close$41,222
Est. Monthly PITI$2,731
Initial Loan Amount$341,066
Time on site50 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$39,305
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

BRAND NEW ROOF!!!!. Neutral paint, vaulted ceilings, and beautiful laminate floors throughout the living areas, light, and spacious. The downstairs area also has a great sitting area in addition to the living room. The kitchen has matching black appliances, including the fridge.The master suite has a spacious bathroom and a large walk-in closet. Downstairs French doors lead to the backyard with a covered patio. Enjoy scenic water views and lakes for fishing within walking distance of the home throughout the neighborhood, adding to the peaceful atmosphere. The home is ideally located just minutes from State Farm Stadium, Westgate Entertainment District, Tanger Outlets, Topgolf, Desert Diamond Casino, dining, shopping& more.

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 $39,305. 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 feet1,909
Property typeSingle Family
MLS #7005846
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)
$2,266/mo
Source est. payment (PITI)
$2,731/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$39,305

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

$0$39,305
Additional funds needed$0

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