Properties / 242 S GRAND SLAM Circle
FHA ASSUMABLERate: 6.2%

242 S GRAND SLAM Circle

$365,000
Snowflake, AZ 85937
3 beds2 baths1,614 sqftSingle Family
The assumable advantage
6.2%
FHA assumed rate
$44,829 interest already paid off
Estimated Loan Balance$409,342
Cash to close$0
Est. Monthly PITI$2,994
Initial Loan Amount$417,302
Time on site17 days
Remaining Term28 years, 3 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

PENDING SHORT SALE APPROVAL. This adorable home is ideally situated in the heart of town, offering quick access to schools, shopping, dining, and more. Nestled in a private, growing neighborhood of custom-built homes, this 3-bedroom, 2-bath beauty, with an additional den. Office or potential 4th bedroom, sits in a peaceful cul-de-sac ready for you to make it home! The back yard is fully fenced with an RV gate on one side. Inside, you'll find gorgeous countertops, sleek stainless steel appliances, a charming farmhouse sink, and a spacious pantry. The open floor plan allows for easy entertaining, while modern touches bring comfort and sophistication.

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 feet1,614
Property typeSingle Family
MLS #7071152
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)
$2,561/mo
Source est. payment (PITI)
$2,994/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.