Properties / 2029 W COOLBROOK Avenue
FHA ASSUMABLERate: 2.2%

2029 W COOLBROOK Avenue

$439,000
Phoenix, AZ 85023
3 beds2 baths1,802 sqftSingle Family
The assumable advantage
2.2%
FHA assumed rate
$18,271 interest already paid off
Estimated Loan Balance$138,794
Cash to close$302,519
Est. Monthly PITI$1,108
Initial Loan Amount$164,959
Time on site50 days
Remaining Term19 years, 6 months
Seller's equity (what you pay)
$300,206
Cash or secondary financing
Monthly savings
$1,859
Versus today's market rate
Est. savings per year
$22K
Versus today's market rate

About this home

Discover this centrally located Phoenix gem featuring 3 bedrooms, 2 bathrooms, and thoughtful upgrades throughout. Both bathrooms showcase beautifully remodeled tile showers, while the home's stained concrete and wood flooring add warmth and character. A versatile bonus room with heating and A/C offers the perfect space for a home office, gym, studio, or comfortable guest retreat. Outside, enjoy a private backyard gazebo ideal for entertaining or relaxing. The professionally built detached garage/workshop features 220-volt hookups, making it an exceptional space for hobbyists, welders, tradespeople, or anyone needing a serious workshop. Stylish mid-century modern furnishings may also be negotiated separately or included with the sale. With its central Phoenix location, flexible living

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 $300,206. 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 feet1,802
Property typeSingle Family
MLS #7019480
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)
$730/mo
Source est. payment (PITI)
$1,108/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$300,206

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

$0$300,206
Additional funds needed$0

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