Properties / 5405 W WARNER Street
FHA ASSUMABLERate: 2.68%

5405 W WARNER Street

$380,000
Phoenix, AZ 85043
3 beds3 baths1,934 sqftSingle Family
The assumable advantage
2.68%
FHA assumed rate
$31,027 interest already paid off
Estimated Loan Balance$193,696
Cash to close$186,767
Est. Monthly PITI$1,344
Initial Loan Amount$221,246
Time on site41 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$186,304
Cash or secondary financing
Monthly savings
$1,342
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Welcome home to this beautiful updated 3-bedroom, 2.5-bathroom home situated on a desirable area. This move in ready property features fresh interior and exterior paint, new flooring in 2023 throughout, an updated kitchen, updated bathrooms, new windows in 2023, a new A/C system in 2025, new appliances in 2025, and a new garage door in 2023. Conveniently located close to the freeway access in an up-and-coming area, this home offers both comfort and convenience. Close by is MIT a STEM school.

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 $186,304. 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 feet1,934
Property typeSingle Family
MLS #7061375
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)
$899/mo
Source est. payment (PITI)
$1,344/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$186,304

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

$0$186,304
Additional funds needed$0

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