Properties / 2707 W LAMAR Road
FHA ASSUMABLERate: 6.32%

2707 W LAMAR Road

$575,000
Phoenix, AZ 85017
4 beds3 baths2,700 sqftSingle Family
The assumable advantage
6.32%
FHA assumed rate
$101,892 interest already paid off
Estimated Loan Balance$485,816
Cash to close$88,609
Est. Monthly PITI$3,709
Initial Loan Amount$505,672
Time on site1 day
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$89,184
Cash or secondary financing
Monthly savings
$254
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Beautiful complete remodel in a wonderful gated community in central Phoenix! Completely move-in ready with modern finishes throughout that feature brand new flooring, a brand new kitchen and new bathroom finishes. Newer roof still under 10 year warranty. Easy access to everything the Valley has to offer!

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 $89,184. 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
Bathrooms3
Square feet2,700
Property typeSingle Family
MLS #7077820
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)
$3,137/mo
Source est. payment (PITI)
$3,709/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$89,184

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

$0$89,184
Additional funds needed$0

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