Properties / 40438 W HALL Drive
FHA ASSUMABLERate: 6.81%

40438 W HALL Drive

$759,990
Maricopa, AZ 85138
5 beds3 baths2,386 sqftSingle Family
The assumable advantage
6.81%
FHA assumed rate
$130,901 interest already paid off
Estimated Loan Balance$514,470
Cash to close$246,665
Est. Monthly PITI$4,404
Initial Loan Amount$534,841
Time on site50 days
Remaining Term26 years, 5 months
Seller's equity (what you pay)
$245,520
Cash or secondary financing
Monthly savings
$980
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Welcome to your own private retreat! This beautifully maintained 2022 home combines modern design with exceptional indoor-outdoor living. The open-concept floor plan features a spacious gourmet kitchen with quartz countertops, an oversized island, upgraded cabinetry, and seamless flow into the great room. Step outside to a resort-style backyard complete with a sparkling pool and spa, tranquil water features, covered patio, custom outdoor kitchen, paver entertaining areas, and low-maintenance landscaping perfect for year-round Arizona living. A rare opportunity to own a move-in-ready home designed for both everyday comfort and unforgettable entertaining.

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 $245,520. 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

Bedrooms5
Bathrooms3
Square feet2,386
Property typeSingle Family
MLS #7055735
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)
$3,502/mo
Source est. payment (PITI)
$4,404/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$245,520

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

$0$245,520
Additional funds needed$0

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