Properties / 1307 N 44TH Street
FHA ASSUMABLERate: 3.02%

1307 N 44TH Street

$329,999
Phoenix, AZ 85008
3 beds3 baths1,584 sqftSingle Family
The assumable advantage
3.02%
FHA assumed rate
$36,079 interest already paid off
Estimated Loan Balance$221,432
Cash to close$108,567
Est. Monthly PITI$1,453
Initial Loan Amount$248,417
Time on site17 days
Remaining Term25 years
Seller's equity (what you pay)
$108,567
Cash or secondary financing
Monthly savings
$894
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Check out this inviting 3-bedroom townhome nestled in the desirable Eastwood Community! Be greeted by the welcoming living room featuring wood-look flooring, soft palette, and tons of natural light that creates a warm and inviting atmosphere. Adjacent to it is the cozy dining room with French doors leading to the back patio. Spotless kitchen comes with white cabinets, built-in appliances, butcher block counters, and a center island with a breakfast bar. A convenient powder room is located on the main level. Continue to the sizable primary bedroom offering a walk-in closet with a trendy barn door and a private bathroom with a glass step-in shower. Unwind under the covered patio or take advantage of the excellent Community amenities. Don't let the amazing abode slip by!

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 $108,567. 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
Bathrooms3
Square feet1,584
Property typeSingle Family
MLS #7071011
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)
$1,052/mo
Source est. payment (PITI)
$1,453/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$108,567

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

$0$108,567
Additional funds needed$0

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