Properties / 4006 N 88TH Lane
FHA ASSUMABLERate: 6.77%

4006 N 88TH Lane

$320,000
Phoenix, AZ 85037
3 beds2 baths1,258 sqftSingle Family
The assumable advantage
6.77%
FHA assumed rate
$51,980 interest already paid off
Estimated Loan Balance$352,582
Cash to close$0
Est. Monthly PITI$2,803
Initial Loan Amount$358,388
Time on site50 days
Remaining Term27 years, 11 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

Inside, you'll find a move-in ready 3-bedroom, 2-bath home with no HOA, a recently updated kitchen with modern appliances and sleek countertops, refreshed bathrooms, and a bright, open layout that's perfect for everyday living or entertaining. Quick access to the 101 and I-10 puts shopping, dining, and State Farm Stadium just minutes away. Opportunities like this don't last. Early offers receive priority once bank approval is issued.

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
Bathrooms2
Square feet1,258
Property typeSingle Family
MLS #6972195
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)
$2,345/mo
Source est. payment (PITI)
$2,803/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.