Properties / 1202 E GREENWAY Circle
FHA ASSUMABLERate: 6.14%

1202 E GREENWAY Circle

$585,000
Mesa, AZ 85203
4 beds2 baths2,692 sqftSingle Family
The assumable advantage
6.14%
FHA assumed rate
$59,683 interest already paid off
Estimated Loan Balance$504,556
Cash to close$83,722
Est. Monthly PITI$3,673
Initial Loan Amount$512,820
Time on site50 days
Remaining Term28 years, 1 month
Seller's equity (what you pay)
$80,444
Cash or secondary financing
Monthly savings
$305
Versus today's market rate
Est. savings per year
$4K
Versus today's market rate

About this home

Desirable North Mesa Community! This light-filled, well-maintained home offers a highly sought-after split floor plan designed for both comfort and functionality. Recent updates include a NEW ROOF and NEW FLOORING throughout, creating a fresh, move-in ready feel. Designed for today's lifestyle, this home features two additional flexible living spaces a dedicated office and a separate flex room-ideal for working from home, a gym, playroom, or media space. The spacious primary suite provides a private retreat with an oversized bathroom and generous layout. Step outside to an entertainer's backyard made for Arizona living. Enjoy a large covered patio with built-in bar area and cozy outdoor fireplace, perfect for hosting or relaxing year-round. The yard also offers multiple gathering

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 $80,444. 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

Bedrooms4
Bathrooms2
Square feet2,692
Property typeSingle Family
MLS #7008467
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)
$3,145/mo
Source est. payment (PITI)
$3,673/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$80,444

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

$0$80,444
Additional funds needed$0

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