Properties / 40 W SARAH Lane
FHA ASSUMABLERate: 6.81%

40 W SARAH Lane

$500,000
Tempe, AZ 85284
3 beds3 baths1,505 sqftSingle Family
The assumable advantage
6.81%
FHA assumed rate
$93,770 interest already paid off
Estimated Loan Balance$451,078
Cash to close$48,922
Est. Monthly PITI$3,610
Initial Loan Amount$466,396
Time on site0 days
Remaining Term27 years
Seller's equity (what you pay)
$48,922
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Welcome to Warner Ranch! This beautifully maintained Tempe home offers 3 bedrooms, 2.5 bathrooms, over 1,500 square feet, and a 2-car garage. From the moment you enter, soaring vaulted ceilings, abundant natural light, and an inviting open concept create a bright and welcoming atmosphere. The kitchen features granite countertops, stainless steel appliances, and modern finishes, with an easy flow into the main living spaces, ideal for both everyday living and entertaining. The spacious primary suite offers a double-door entry, dual vanity, soaking tub, separate shower, and a sizable walk-in closet. Step outside to a private, low-maintenance backyard designed for relaxing and entertaining, featuring an extended paver patio, covered patio, and built-in BBQ, giving you the best of Arizona outdoor living without extensive upkeep. Residents enjoy access to a community pool and walking and biking paths. Just down the street are tennis courts, a basketball court, and a playground, providing convenient options for recreation close to home. Conveniently located with easy access to the 101 and 10 freeways, making commutes a breeze. Shopping, dining, and everyday conveniences are all just minutes away.

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 $48,922. 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 feet1,505
Property typeSingle Family
MLS #7078750
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)
$3,047/mo
Source est. payment (PITI)
$3,610/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$48,922

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

$0$48,922
Additional funds needed$0

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