Properties / 1008 W MURIEL Drive
FHA ASSUMABLERate: 3.01%

1008 W MURIEL Drive

$360,000
Phoenix, AZ 85023
4 beds2 baths1,335 sqftSingle Family
The assumable advantage
3.01%
FHA assumed rate
$260 interest already paid off
Estimated Loan Balance$1,253
Cash to close$358,754
Est. Monthly PITI$260
Initial Loan Amount$1,659
Time on site31 days
Remaining Term13 years, 1 month
Seller's equity (what you pay)
$358,747
Cash or secondary financing
Monthly savings
$2,113
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

FOUR bedrooms in this lovely Deer Valley Estates home. This property has been well-cared for with the current owner and boasts a newer roof and AC unit. Home offers an additional bedroom with interior and exterior access allowing for flexibility of use. This home offers a multi-use backyard space with a covered patio, fenced pool and additional yard ready for transforming into the next owner's vision. With thoughtful update and care of ownership, this home is a quality property ready for move-in.

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 $358,747. 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

Bedrooms4
Bathrooms2
Square feet1,335
Property typeSingle Family
MLS #7064987
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)
$10/mo
Source est. payment (PITI)
$260/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$358,747

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

$0$358,747
Additional funds needed$0

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