Properties / 11031 W TONADA Drive
FHA ASSUMABLERate: 4.51%

11031 W TONADA Drive

$205,000
Sun City, AZ 85351
2 beds2 baths1,316 sqftSingle Family
The assumable advantage
4.51%
FHA assumed rate
$48,912 interest already paid off
Estimated Loan Balance$131,940
Cash to close$73,060
Est. Monthly PITI$1,091
Initial Loan Amount$153,174
Time on site13 days
Remaining Term22 years, 6 months
Seller's equity (what you pay)
$73,060
Cash or secondary financing
Monthly savings
$430
Versus today's market rate
Est. savings per year
$5K
Versus today's market rate

About this home

Great opportunity for a Move-in Ready Gemini/ Duplex Home * Located in a prime location of the ever so popular Sun City Active Adult Community * Great size Living Room * Bonus Room w/ Bathroom * you will love the Eat-in Kitchen w/ Gray Cabinets & NEWER White Appliances * 2 Nice Size Bedrooms. Hall bath updated w/ NEWER vanity, tub & a NEW ADA Hight toilet * Other Bath w/ shower, vanity & a NEW ADA Height Toilet * Plantation Shutters * Ceiling Fans * Beautiful NEW Wood Look Porcelain Tile Flooring 2024 * NEW Back Door 2024 * NEW Water Filtration under sink 2024 * NEW Water Heater 2020 * NEW AC 2017 * ROOF Replaced 2010 * Inside Laundry w/ work shop/ or storage * 1 Car Garage * Water softener conveys as-is. 1 Pet up to 35 lbs - HOA amending CC&R's regarding Rentals * Welcome to the Active Adult Golf Community of Sun City! The Original Fun City! Sun City offers many amenities & low taxes! 7 Rec Centers with swimming pools, lap pools, walking pools, Hot tubs and every activity, work shop, & craft you can think of! Bowling! Pickleball! Shuffle Board! Pool Tables! Darts! Tennis! Ground Bowling! Mini Golf! Lake Activities! 8 Public Golf Courses & Reduced prices with Rec Card. And much more! Close to shopping, restaurants & entertainment! Close to Spring Training Base Ball Fields. Close to Arrowhead Mall, Lake Pleasant and all of its growing amenities & restaurants nearby! Close to Grand Ave access & 101 access! The list goes on & on! AGE RESTRICTED RETIREMENT COMMUNITY. ONE PERSON MUST BE 55 YEARS OLD AND NO ONE UNDER 19 YEARS OLDAS A PERMANENT RESIDENT - SCHOA RESTRICTIONS APPLY - REFER TO THE CC&R'S.

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 $73,060. 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

Bedrooms2
Bathrooms2
Square feet1,316
Property typeSingle Family
MLS #7072967
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)
$779/mo
Source est. payment (PITI)
$1,091/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$73,060

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

$0$73,060
Additional funds needed$0

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