Properties / 40091 N WESTRAY Way
FHA ASSUMABLERate: 6.82%

40091 N WESTRAY Way

$435,000
San Tan Valley, AZ 85140
3 beds3 baths2,303 sqftSingle Family
The assumable advantage
6.82%
FHA assumed rate
$67,412 interest already paid off
Estimated Loan Balance$378,263
Cash to close$57,895
Est. Monthly PITI$2,992
Initial Loan Amount$387,845
Time on site50 days
Remaining Term27 years, 5 months
Seller's equity (what you pay)
$56,737
Cash or secondary financing
Monthly savings
$21
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Spacious family home on a large corner lot featuring a beautiful PebbleTec play pool! The oversized primary suite offers space for a home office or sitting area, while the large loft is perfect for a media room, playroom, or multiple workstations. Recent updates include a newly completed mudroom, expanded pantry, newer dishwasher, microwave, water heater, and variable-speed pool pump and motor. The kitchen features laminate plank flooring and a gas range. Gas or electric dryer hookups available. Enjoy abundant storage with oversized closets, a huge 3-car garage with side entry, side yard storage, custom oak staircase, matching fixtures throughout, and affordable HOA fees.

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 $56,737. 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 feet2,303
Property typeSingle Family
MLS #7048739
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)
$2,544/mo
Source est. payment (PITI)
$2,992/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$56,737

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

$0$56,737
Additional funds needed$0

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