Properties / 4214 S 58TH Drive
FHA ASSUMABLERate: 6.36%

4214 S 58TH Drive

$381,999
Phoenix, AZ 85043
3 beds3 baths1,839 sqftSingle Family
The assumable advantage
6.36%
FHA assumed rate
$77,530 interest already paid off
Estimated Loan Balance$333,149
Cash to close$49,248
Est. Monthly PITI$2,643
Initial Loan Amount$347,489
Time on site45 days
Remaining Term26 years, 6 months
Seller's equity (what you pay)
$48,850
Cash or secondary financing
Monthly savings
$83
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Resort-style living meets everyday convenience in this beautifully upgraded Phoenix home! Featuring stylish plank tile flooring, modern finishes, and an open-concept layout, this home is designed for both comfort and entertaining. The kitchen boasts stone countertops, a trendy backsplash, walk-in pantry, abundant cabinetry, and a large island overlooking the great room. Upstairs you'll find a versatile loft that can easily become a 4th bedroom, convenient laundry room, and spacious secondary bedrooms. The oversized primary suite offers a massive walk-in closet, soaking tub, separate shower, and dual sinks. Enjoy your private backyard retreat with artificial turf and raised planters. Community pool & park maintained by the HOA means more relaxation! Conveniently located near Loop 202 Broadway, shopping, dining, and entertainment. Move-in ready!

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 $48,850. 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 feet1,839
Property typeSingle Family
MLS #7047746
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)
$2,170/mo
Source est. payment (PITI)
$2,643/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$48,850

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

$0$48,850
Additional funds needed$0

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