Properties / 37077 N LOKAI Drive
FHA ASSUMABLERate: 6.37%

37077 N LOKAI Drive

$599,995
San Tan Valley, AZ 85140
5 beds3 baths2,605 sqftSingle Family
The assumable advantage
6.37%
FHA assumed rate
$12,502 interest already paid off
Estimated Loan Balance$471,039
Cash to close$129,399
Est. Monthly PITI$3,524
Initial Loan Amount$471,916
Time on site50 days
Remaining Term29 years, 8 months
Seller's equity (what you pay)
$128,956
Cash or secondary financing
Monthly savings
$590
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Experience elevated living in this beautifully upgraded 5-bedroom, 3-bath residence offering over 2,600 square feet on an expansive nearly 0.4-acre lot. Designed for both everyday comfort and exceptional entertaining, the resort-style backyard features a heated pool and spa, lush professional landscaping, a charming gazebo with a built-in BBQ, and a separate workshop providing endless possibilities. Inside, you'll find thoughtfully upgraded finishes, spacious living areas, and a versatile floor plan that blends style and functionality. This exceptional property offers the perfect balance of luxury, privacy, and outdoor 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 $128,956. 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 feet2,605
Property typeSingle Family
MLS #7055727
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)
$2,948/mo
Source est. payment (PITI)
$3,524/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$128,956

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

$0$128,956
Additional funds needed$0

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