Properties / 15662 W MONTEROSA Street
FHA ASSUMABLERate: 6.54%

15662 W MONTEROSA Street

$595,900
Goodyear, AZ 85395
4 beds4 baths2,807 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$72,914 interest already paid off
Estimated Loan Balance$328,365
Cash to close$267,909
Est. Monthly PITI$2,746
Initial Loan Amount$340,862
Time on site42 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$267,535
Cash or secondary financing
Monthly savings
$1,346
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Experience resort style living in this exceptional 4 bedroom home designed for both everyday comfort and unforgettable entertaining. A private courtyard welcomes you into an elegant interior featuring formal living and dining rooms, plus an open great room. The gourmet kitchen offers quartz countertops, stainless steel appliances, a walk in pantry, designer tile backsplash, abundant cabinetry, and an oversized island. Upstairs, the luxurious primary suite features a spa inspired bath with an oversized ceiling mounted rain shower. A rare second en suite bedroom is ideal for guests or multigenerational living. Enjoy your private backyard oasis with a sparkling pool, covered patio, gazebo, and built in BBQ. This is Arizona living at its finest. Designed for those who love to entertain, the private resort inspired backyard is the centerpiece of this exceptional home. The sparkling pool features a swim up bar, while the sunken conversation area is accented by two gas powered fire bowls, creating an unforgettable setting to relax or gather with family and friends. A covered patio and built in BBQ complete this incredible outdoor living space. Inside, the home was extensively remodeled between 2021 and 2023 with quality craftsmanship, timeless finishes, and thoughtful attention to detail. The luxurious primary suite offers a spa inspired bathroom featuring an oversized ceiling mounted rain shower and an extraordinary custom walk in closet with exceptional storage and organization. The fully operational solar panel system provides energy efficiency. The existing solar loan is assumable, subject to buyer qualification. This is more than a home. It's a private retreat designed for the Arizona lifestyle.

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 $267,535. 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
Bathrooms4
Square feet2,807
Property typeSingle Family
MLS #7060733
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)
$2,168/mo
Source est. payment (PITI)
$2,746/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$267,535

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

$0$267,535
Additional funds needed$0

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