Properties / 12842 W ASTER Drive
FHA ASSUMABLERate: 2.77%

12842 W ASTER Drive

$425,000
El Mirage, AZ 85335
3 beds2 baths1,990 sqftSingle Family
The assumable advantage
2.77%
FHA assumed rate
$47,434 interest already paid off
Estimated Loan Balance$328,224
Cash to close$96,776
Est. Monthly PITI$2,029
Initial Loan Amount$368,207
Time on site6 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$96,776
Cash or secondary financing
Monthly savings
$995
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

RARE ~3.25% ASSUMABLE FHA LOAN with approx. $325K balance! Premium lot with total backyard privacy backing directly to an expansive City-owned wash retention buffer. Enjoy open-sky views with no rear neighbors looking into your outdoor oasis, complete with a sparkling pool, newer removable safety fence, and lush artificial turf. Inside, Greystone's single-story Cascade (Plan 2) dedicates 1,990 sq ft to just 3 bedrooms, creating a massive great room with vaulted ceilings, an electric fireplace, and plantation shutters throughout. The split primary suite offers daily privacy away from secondary bedrooms. Includes a leased solar system, 2-car garage, and nearby shopping. Incredible savings and move-in ready!

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 $96,776. 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 feet1,990
Property typeSingle Family
MLS #7076216
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)
$1,511/mo
Source est. payment (PITI)
$2,029/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$96,776

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

$0$96,776
Additional funds needed$0

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