Properties / 11808 N 78TH Drive
FHA ASSUMABLERate: 4.07%

11808 N 78TH Drive

$452,000
Peoria, AZ 85345
3 beds2 baths1,654 sqftSingle Family
The assumable advantage
4.07%
FHA assumed rate
$59,636 interest already paid off
Estimated Loan Balance$188,405
Cash to close$263,595
Est. Monthly PITI$1,464
Initial Loan Amount$219,054
Time on site51 days
Remaining Term22 years, 10 months
Seller's equity (what you pay)
$263,595
Cash or secondary financing
Monthly savings
$1,609
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Home Back on the Market with Brand New Roof, Hot Water Heater, Epoxy Garage Floors, and a Recently Upgraded 200 amp All-in-One Electrical Panel. Lovely 3 bed 2 bath home in Peoria in a no HOA community. Walking distance to Elementary and High School and minutes from the restaurants and shops of P83. Kitchen has upgraded cabinets new smart range, granite countertops and stainless appliances. Backyard features large diving pool, 2 covered patio areas, BBQ Island, Hot Tub off master, custom workshop and storage shed. 20' slab for RV parking on side yard. Garage also has work bench area with mini-split to keep you cool while you work! Extras everywhere at this property- don't miss out on this one!

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 $263,595. 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
Bathrooms2
Square feet1,654
Property typeSingle Family
MLS #7020438
CountyMaricopa County
Assumable loanFHA
Tour this home
In person or virtual.
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
Call

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)
$1,057/mo
Source est. payment (PITI)
$1,464/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$263,595

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

$0$263,595
Additional funds needed$0

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