Properties / 2834 W Fillmore Street
FHA ASSUMABLERate: 3.23%

2834 W Fillmore Street

$430,000
Phoenix, AZ 85009
4 beds2 baths2,022 sqftSingle Family
The assumable advantage
3.23%
FHA assumed rate
$52,522 interest already paid off
Estimated Loan Balance$246,609
Cash to close$185,638
Est. Monthly PITI$1,815
Initial Loan Amount$281,801
Time on site50 days
Remaining Term23 years, 10 months
Seller's equity (what you pay)
$183,391
Cash or secondary financing
Monthly savings
$1,299
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Gorgeous single level, split floor-plan, just minutes away from Downtown Phoenix, easy access to the I-10 West. This 4 beds, 2 baths beauty offers a low maintenance front yard, charming curb appeal, 2 car garage and a charming backyard.

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 $183,391. 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 feet2,022
Property typeSingle Family
MLS #7034584
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)
$1,237/mo
Source est. payment (PITI)
$1,815/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$183,391

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

$0$183,391
Additional funds needed$0

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