Properties / 5833 S 23RD Drive
FHA ASSUMABLERate: 6.43%

5833 S 23RD Drive

$444,000
Phoenix, AZ 85041
3 beds3 baths2,373 sqftSingle Family
The assumable advantage
6.43%
FHA assumed rate
$85,643 interest already paid off
Estimated Loan Balance$383,227
Cash to close$62,105
Est. Monthly PITI$3,062
Initial Loan Amount$397,654
Time on site50 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$60,773
Cash or secondary financing
Monthly savings
$111
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Nearly new and beautifully maintained, this gorgeous two-story home offers a thoughtfully designed layout filled with style, comfort, and flexibility. As an added benefit, Sellers are offering $6,000 in concessions with an acceptable offer, to assist buyers with out-of-pocket expenses toward closing costs, rate buydown, or other allowable expenses! Step inside to discover tile flooring, contemporary lighting, and a neutral color palette that creates a bright and modern feel throughout. The heart of the home is the stunning kitchen, featuring 42-inch warm-toned cabinetry, stainless steel appliances, an attractive tile backsplash, ample counter space, and a large island accented with pendant lighting--perfect for casual dining, entertaining, or gathering with family and friends. Designed . . with today's lifestyle in mind, the home also offers a quiet den tucked away on the main level, ideal for a home office, study, or hobby room, along with a spacious upstairs loft that's perfect for football game days, movie nights, or a dedicated play area. The generously sized bedrooms provide comfort for everyone, while the convenient upstairs laundry room adds ease to everyday living. Retreat to the inviting primary suite, complete with a private en-suite bath featuring dual sinks and a spacious walk-in closet. Outside, the backyard presents a blank canvas ready for your vision. Whether you've dreamed of adding a pool, creating a playground, designing an outdoor entertaining space, or cultivating your own backyard oasis, the possibilities are endless. Enjoy your morning coffee or evening relaxation under the covered patio while planning your perfect outdoor retreat. Conveniently located with quick access to Loop 202 San Tan and South Mountain freeways, this home is also just minutes from a variety of shopping, dining, and entertainment options. This is an incredible opportunity to own a move-in-ready home with room to make it uniquely your own!

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 $60,773. 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

Bedrooms3
Bathrooms3
Square feet2,373
Property typeSingle Family
MLS #7039826
CountyMaricopa County
Assumable loanFHA
Tour this home
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Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
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)
$2,507/mo
Source est. payment (PITI)
$3,062/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$60,773

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

$0$60,773
Additional funds needed$0

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