Properties / 20142 N 260TH Drive
FHA ASSUMABLERate: 5.66%

20142 N 260TH Drive

$380,000
Buckeye, AZ 85396
4 beds2 baths2,032 sqftSingle Family
The assumable advantage
5.66%
FHA assumed rate
$6,363 interest already paid off
Estimated Loan Balance$28,324
Cash to close$351,728
Est. Monthly PITI$565
Initial Loan Amount$30,362
Time on site31 days
Remaining Term22 years, 3 months
Seller's equity (what you pay)
$351,676
Cash or secondary financing
Monthly savings
$2,054
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Welcome to this stunning 4-bedroom, 2-bath home on a peaceful cul-de-sac! Move-in ready and beautifully maintained, this home offers an inviting open floor plan with elegant 9-ft flat ceilings and a beautiful blend of flooring throughout. The heart of the home is the spacious kitchen, featuring a large center island, walk-in pantry, abundant counter space and plenty of cabinetry, perfect for everyday living and entertaining. The kitchen flows seamlessly into the family and great room, creating a warm, open space for gathering and relaxing. Step outside and enjoy the wonderful neighborhood amenities! Just a short 2-minute walk away, you'll find an elementary school, parks and splash pads, offering convenience and plenty of opportunities to enjoy the outdoors. This is a must-see!

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 $351,676. 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 feet2,032
Property typeSingle Family
MLS #7065095
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)
$187/mo
Source est. payment (PITI)
$565/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$351,676

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

$0$351,676
Additional funds needed$0

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