Properties / 2301 W SAINT JOHN Road
FHA ASSUMABLERate: 3.68%

2301 W SAINT JOHN Road

$445,000
Phoenix, AZ 85023
3 beds2 baths1,645 sqftSingle Family
The assumable advantage
3.68%
FHA assumed rate
$48,392 interest already paid off
Estimated Loan Balance$110,371
Cash to close$334,945
Est. Monthly PITI$995
Initial Loan Amount$142,450
Time on site15 days
Remaining Term19 years, 8 months
Seller's equity (what you pay)
$334,629
Cash or secondary financing
Monthly savings
$1,966
Versus today's market rate
Est. savings per year
$24K
Versus today's market rate

About this home

Welcome to this beautifully updated Phoenix home offering 3 bedrooms, 2 bathrooms and 1,637 square feet on a large 9,763-square-foot corner lot. Attractive landscaping, paver walkways, artificial turf and mature trees create excellent curb appeal. Inside, the open floor plan features wood-plank tile flooring and a remodeled kitchen with updated cabinetry, granite countertops, tile backsplash and a gas range. Both bathrooms have been updated, including a hall bath with a tiled tub surround and a spacious primary bath with dual sinks, an extended vanity area and tiled shower. Additional improvements include dual-pane vinyl windows and sliding glass door, copper plumbing, indoor laundry with gas and electric dryer connections, and a newer heat pump. The backyard offers a covered patio, extended pavers, shade trees and plenty of room to entertain. A large RV gate provides access to rear RV parking with full hookups, sewer cleanout and upgraded underground 200-amp electrical service. Conveniently located near I-17 and Loop 101, the home provides easy access to Scottsdale and shopping, dining and entertainment throughout the greater Phoenix area. A two-car carport, generous storage and valuable updates complete this well-maintained home.

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 $334,629. 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 feet1,645
Property typeSingle Family
MLS #7069592
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)
$658/mo
Source est. payment (PITI)
$995/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$334,629

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

$0$334,629
Additional funds needed$0

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