Properties / 18465 W FOOTHILL Drive
FHA ASSUMABLERate: 3.16%

18465 W FOOTHILL Drive

$500,000
Surprise, AZ 85387
3 beds2 baths1,884 sqftSingle Family
The assumable advantage
3.16%
FHA assumed rate
$53,540 interest already paid off
Estimated Loan Balance$259,438
Cash to close$241,159
Est. Monthly PITI$1,799
Initial Loan Amount$297,570
Time on site35 days
Remaining Term24 years
Seller's equity (what you pay)
$240,562
Cash or secondary financing
Monthly savings
$1,663
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

You'll LOVE this beautiful, spacious 3-bedroom home in the sought-after North Copper Canyon! Nestled on a corner lot, it offers a 3-car tandem garage, pass-through RV garage, paver driveway, and a low-care landscape. The interior exudes refined style with high ceilings, tons of natural light, a neutral palette, and wood-look tile flooring in all the right places. Designed with both comfort & functionality in mind, the open layout is ideal for everyday living and entertaining. Multi-sliding doors with a decorative barn door cover for seamless indoor-outdoor living! The gourmet kitchen boasts high-end SS appliances, granite counters, tile backsplash, a walk-in pantry, recessed lighting, ample shaker cabinetry w/crown molding, and an island w/breakfast bar. The versatile den can be an office! The primary bedroom has an ensuite with dual sinks & a walk-in closet. Secondary bedrooms with plush carpet. Check out the backyard, perfect for relaxation or enjoying BBQ! A covered patio, well-laid pavers, artificial turf, putting green, and a view fence complete the picture. No direct neighbors, backing onto a common area. Make this gem yours!

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 $240,562. 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 feet1,884
Property typeSingle Family
MLS #7063740
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)
$1,286/mo
Source est. payment (PITI)
$1,799/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$240,562

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

$0$240,562
Additional funds needed$0

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