Properties / 29426 N 51ST Place
FHA ASSUMABLERate: 6.54%

29426 N 51ST Place

$689,000
Cave Creek, AZ 85331
4 beds2 baths1,828 sqftSingle Family
The assumable advantage
6.54%
FHA assumed rate
$115,389 interest already paid off
Estimated Loan Balance$521,406
Cash to close$169,941
Est. Monthly PITI$4,049
Initial Loan Amount$539,427
Time on site50 days
Remaining Term26 years, 9 months
Seller's equity (what you pay)
$167,594
Cash or secondary financing
Monthly savings
$620
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Fully owned Solar in this beautifully upgraded 1,828 sq ft home is move-in ready and full of charm. It features 4 spacious bedrooms and 2 updated bathrooms, along with granite countertops, semi-custom cabinetry, and tile flooring throughout. The open living area includes a cozy fireplace, perfect for relaxing. Enjoy energy savings with fully owned solar. The garage offers epoxy flooring, upgraded cabinetry, and a new motor. Step outside to a private backyard oasis with a pebble tec pool, soothing fountain, shaded cantilever awning, and decorative palms. A tankless water heater adds comfort and efficiency. This home blends style, function, and comfort perfectly.

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 $167,594. 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 feet1,828
Property typeSingle Family
MLS #7018572
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)
$3,443/mo
Source est. payment (PITI)
$4,049/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$167,594

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

$0$167,594
Additional funds needed$0

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