Properties / 38103 N BONNIE Lane
FHA ASSUMABLERate: 3.23%

38103 N BONNIE Lane

$405,000
San Tan Valley, AZ 85140
5 beds3 baths2,655 sqftSingle Family
The assumable advantage
3.23%
FHA assumed rate
$55,816 interest already paid off
Estimated Loan Balance$263,261
Cash to close$144,712
Est. Monthly PITI$1,839
Initial Loan Amount$299,475
Time on site50 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$141,739
Cash or secondary financing
Monthly savings
$1,070
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Welcome to this well-maintained home in the desirable Pecan Creek community of San Tan Valley. Situated on a quiet interior lot, this property offers a functional open-concept floor plan with abundant natural light and comfortable living spaces. The kitchen features ample cabinetry, generous counter space, and a seamless flow into the dining and living areas--ideal for everyday living and entertaining. Home is also for rent The spacious primary suite includes a private bath and walk-in closet, while additional bedrooms provide flexibility for guests, a home office, or hobbies. Step outside to a low-maintenance backyard with plenty of room to personalize--perfect for relaxing or hosting gatherings. Located near parks, schools, and shopping with convenient access to major roadways, this home delivers both comfort and practicality in a growing area. A solid opportunity for buyers looking for value and livability in San Tan Valley.

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 $141,739. 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 feet2,655
Property typeSingle Family
MLS #7011851
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)
$1,318/mo
Source est. payment (PITI)
$1,839/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$141,739

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

$0$141,739
Additional funds needed$0

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