Properties / 34214 W WAYLAND Drive
FHA ASSUMABLERate: 3.61%

34214 W WAYLAND Drive

$399,000
Tonopah, AZ 85354
4 beds2 baths1,989 sqftSingle Family
The assumable advantage
3.61%
FHA assumed rate
$58,160 interest already paid off
Estimated Loan Balance$138,315
Cash to close$263,012
Est. Monthly PITI$1,118
Initial Loan Amount$175,954
Time on site50 days
Remaining Term19 years, 9 months
Seller's equity (what you pay)
$260,685
Cash or secondary financing
Monthly savings
$1,536
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

You pull up the driveway and it's quiet - no traffic noise, just open space and mountain views in the distance. The walkway leads you to the front door, and right away the layout makes sense. It's a split floor plan, so everything feels open without everyone being on top of each other. Inside flows easily and you can really see the potential to make it your own - but it's what's outside that really changes how you live here. Out back, the space opens up to a fully fenced yard with mature trees that have been there a while - real shade, not the kind you have to wait years for. There's room to move, room to add, or just room to breathe. If you've been thinking about having animals, it's already set up: two horse stalls, a chicken coop, and additional space for other livestock. You can picture mornings out here, taking care of animals, or evenings on the concrete patio when everything settles down and the mountains start to change color. The practical pieces are already handled too. There's a newer HVAC system in place, a shared well to help keep costs down, and a two car garage plus a four car driveway with plenty of space for vehicles, trailers, or toys. It's not just about having land - it's about actually using it. And this is the kind of place where that feels easy.

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 $260,685. 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 feet1,989
Property typeSingle Family
MLS #7002618
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)
$817/mo
Source est. payment (PITI)
$1,118/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$260,685

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

$0$260,685
Additional funds needed$0

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