Properties / 310 N TRAILWOOD Road
FHA ASSUMABLERate: 2.68%

310 N TRAILWOOD Road

$480,000
Payson, AZ 85541
3 beds3 baths2,174 sqftSingle Family
The assumable advantage
2.68%
FHA assumed rate
$40,400 interest already paid off
Estimated Loan Balance$281,756
Cash to close$202,122
Est. Monthly PITI$1,877
Initial Loan Amount$314,416
Time on site50 days
Remaining Term24 years, 11 months
Seller's equity (what you pay)
$198,244
Cash or secondary financing
Monthly savings
$1,538
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Under 3% mortgage rate available with assumable loan. Nestled among the tall pines of Payson, this single-level retreat offers the perfect blend of comfort and mountain charm. Featuring 3 bedrooms, 3 bathrooms, and 2,174 sq ft, the open-concept layout is ideal for both everyday living and entertaining. The kitchen shines with corian countertops, a spacious island, and breakfast bar seating. Enjoy natural light from skylights, a split floor plan for privacy, and a dedicated office/den for added flexibility. Step outside to a fenced, tree-lined backyard with room to relax or gather. Complete with a 2-car garage, no HOA, and a prime corner lot--this is your escape to cooler weather and peaceful living.

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 $198,244. 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 feet2,174
Property typeSingle Family
MLS #7003528
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)
$1,293/mo
Source est. payment (PITI)
$1,877/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$198,244

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

$0$198,244
Additional funds needed$0

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