Properties / 6429 S 17TH Street
FHA ASSUMABLERate: 6.67%

6429 S 17TH Street

$450,000
Phoenix, AZ 85042
4 beds2 baths1,668 sqftSingle Family
The assumable advantage
6.67%
FHA assumed rate
$24,315 interest already paid off
Estimated Loan Balance$334,971
Cash to close$115,029
Est. Monthly PITI$2,595
Initial Loan Amount$338,318
Time on site10 days
Remaining Term29 years
Seller's equity (what you pay)
$115,029
Cash or secondary financing
Monthly savings
$476
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

POOL • NO HOA • RV GATE & SIDE PARKING Remodeled and move-in ready, this South Phoenix gem sits on a desirable corner lot in a cul-de-sac with a private pool and spacious backyard. Recent updates include new flooring and carpet, fresh exterior paint, and an added room offering flexible living space. Enjoy two living areas, perfect for families needing room to spread out. The backyard has been redone for entertaining and relaxing, while the 2-car garage and RV gate provide side parking for toys, Razors, or recreational vehicles. No HOA! Conveniently located near schools, shopping, dining, parks, and major freeways.

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 $115,029. 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 feet1,668
Property typeSingle Family
MLS #7070612
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)
$2,178/mo
Source est. payment (PITI)
$2,595/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$115,029

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

$0$115,029
Additional funds needed$0

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