Properties / 5680 N Debbie Lane
FHA ASSUMABLERate: 2.74%

5680 N Debbie Lane

$315,000
Rimrock, AZ 86335
3 beds2 baths1,079 sqftSingle Family
The assumable advantage
2.74%
FHA assumed rate
$17,695 interest already paid off
Estimated Loan Balance$109,377
Cash to close$205,364
Est. Monthly PITI$828
Initial Loan Amount$125,079
Time on site0 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$205,623
Cash or secondary financing
Monthly savings
$1,348
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Great home. Open floor plan, 3 bedroom, 2 bath, 2 car garage, landscaped gravel front yard with decorative block retaining wall for additional parking in front, vaulted ceilings, tile floors in main areas. fans in every room, mature shade trees, huge covered patio & connecting open patio for enjoyment, 2 nice storage buildings (2 year old 10 x 12 Tuff shed and a big 12 x 16 Storage/Studio Building that is insulated and drywalled and has concrete floor with electric installed). Rear yard is landscaped and has full chain link fencing plus some additional wood privacy fencing, Appliances include refrigerator, propane gas stove, dishwasher, dryer and new washer, new roof in 4/2024, 2 of the shelving units stay in garage (same wall as water heater), there is a wash behind the fencing in rear

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 $205,623. 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 feet1,079
Property typeSingle Family
MLS #7079991
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)
$510/mo
Source est. payment (PITI)
$828/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$205,623

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

$0$205,623
Additional funds needed$0

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