Properties / 12318 W ASTER Drive
FHA ASSUMABLERate: 6.39%

12318 W ASTER Drive

$339,900
El Mirage, AZ 85335
3 beds2 baths1,106 sqftSingle Family
The assumable advantage
6.39%
FHA assumed rate
$66,907 interest already paid off
Estimated Loan Balance$324,104
Cash to close$15,796
Est. Monthly PITI$2,471
Initial Loan Amount$336,787
Time on site8 days
Remaining Term26 years, 10 months
Seller's equity (what you pay)
$15,796
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Beautifully maintained residence in Buenavida at El Mirage! Discover a charming curb appeal with low-maintenance landscaping and a 2-car garage. Inside, you'll find vaulted ceilings, recessed lighting, wood-plank tile flooring, and a large living room designed with clean lines and contemporary elegance. The eat-in kitchen features direct access to the outdoors, oak cabinetry, and stainless steel appliances. The primary bedroom has a walk-in closet, private outdoor access, and an elegant ensuite bathroom with a granite vanity and a stunning floor-to-ceiling tiled shower. The large backyard features a covered patio, ideal for relaxation or entertaining. Perfectly located near schools, parks, and markets; with easy access to Grand Ave and the AZ-101 Loop. Don't miss this perfect starter home!

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 $15,796. 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 feet1,106
Property typeSingle Family
MLS #7075362
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)
$2,107/mo
Source est. payment (PITI)
$2,471/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$15,796

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

$0$15,796
Additional funds needed$0

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