Properties / 3417 E KELTON Lane
FHA ASSUMABLERate: 4.37%

3417 E KELTON Lane

$559,000
Phoenix, AZ 85032
3 beds2 baths1,626 sqftSingle Family
The assumable advantage
4.37%
FHA assumed rate
$87,774 interest already paid off
Estimated Loan Balance$251,649
Cash to close$309,485
Est. Monthly PITI$2,005
Initial Loan Amount$289,987
Time on site50 days
Remaining Term22 years, 7 months
Seller's equity (what you pay)
$307,351
Cash or secondary financing
Monthly savings
$1,834
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Check out this gorgeous 3-bed/2-bath home with a POOL situated on a desirable CORNER LOT! Fantastic curb appeal, showcasing manicured landscaping with paver walkways and a 2-car garage. Inside, you'll find bright open living spaces designed for comfort, featuring vaulted ceilings that promote an airy feel, wood-look flooring, a cozy fireplace perfect for winter evenings, sliding doors to the patio, and neutral colors throughout. Spotless kitchen equipped with white shaker cabinets, quartz countertops, stainless steel appliances, and an island, perfect for midnight snacks. Enjoy a good night's rest in the primary suite, complete with a walk-in closet for an easily organized wardrobe and a private bathroom with double sinks. Step outside to a backyard oasis, featuring a covered patio . . . ideal for relaxing with a refreshing drink, plenty of seating space with grass, well-laid pavers, and a sparkling pool ideal for sunny days! Truly a must-see!

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 $307,351. 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 feet1,626
Property typeSingle Family
MLS #7039318
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)
$1,463/mo
Source est. payment (PITI)
$2,005/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$307,351

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

$0$307,351
Additional funds needed$0

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