Properties / 1887 W PERIWINKLE Way
FHA ASSUMABLERate: 6.5%

1887 W PERIWINKLE Way

$434,000
Chandler, AZ 85248
2 beds2 baths1,338 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$94,939 interest already paid off
Estimated Loan Balance$418,408
Cash to close$15,105
Est. Monthly PITI$3,263
Initial Loan Amount$435,958
Time on site0 days
Remaining Term26 years, 8 months
Seller's equity (what you pay)
$15,592
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Tucked inside gated Montefino Village at Ocotillo Lakes, this beautifully maintained 2 bed, 2 bath home with a versatile den lives large. A smart split floor plan keeps bedrooms private while the open front flows for easy entertaining. Sliding doors open to a covered patio and low maintenance yard. The kitchen shines with maple cabinetry, breakfast bar, pantry, and brand new stainless appliances. The spacious primary suite offers dual sinks, separate tub, walk in shower, and walk in closet. The den easily converts to a 3rd bedroom. Enjoy resort style amenities: clubhouse, pool, spa, gym, tennis, and pickleball. Minutes from Ocotillo Golf Club, Intel, the 202 and 101, dining, and shopping. This location cannot be beat. Come see it before it is gone!

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 $15,592. 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 feet1,338
Property typeSingle Family
MLS #7080201
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)
$2,756/mo
Source est. payment (PITI)
$3,263/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$15,592

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

$0$15,592
Additional funds needed$0

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