Properties / 2725 E MINE CREEK Road
FHA ASSUMABLERate: 3.97%

2725 E MINE CREEK Road

$384,900
Phoenix, AZ 85024
2 beds2 baths1,128 sqftSingle Family
The assumable advantage
3.97%
FHA assumed rate
$61,292 interest already paid off
Estimated Loan Balance$129,020
Cash to close$256,239
Est. Monthly PITI$1,172
Initial Loan Amount$165,292
Time on site13 days
Remaining Term19 years, 7 months
Seller's equity (what you pay)
$255,880
Cash or secondary financing
Monthly savings
$1,479
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Welcome home to This thoughtfully designed townhome that features a spacious split-bedroom floor plan with the primary suite privately positioned from the secondary bedroom. The updated kitchen offers quartz countertops, ample cabinetry, and a large walk-in pantry, providing plenty of storage and functionality for everyday living. The primary bedroom features a generous walk-in closet and an en-suite bathroom. The open living and dining areas create a comfortable and inviting space with easy access to the rest of the home. The lower level is dedicated to the single car garage, while the main living space is conveniently situated on the second floor.

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 $255,880. 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

Bedrooms2
Bathrooms2
Square feet1,128
Property typeSingle Family
MLS #7071841
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)
$791/mo
Source est. payment (PITI)
$1,172/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$255,880

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

$0$255,880
Additional funds needed$0

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