Properties / 10536 W MAGNOLIA Street
FHA ASSUMABLERate: 3.53%

10536 W MAGNOLIA Street

$494,900
Tolleson, AZ 85353
4 beds3 baths3,110 sqftSingle Family
The assumable advantage
3.53%
FHA assumed rate
$57,975 interest already paid off
Estimated Loan Balance$96,878
Cash to close$397,665
Est. Monthly PITI$1,110
Initial Loan Amount$142,845
Time on site0 days
Remaining Term16 years, 7 months
Seller's equity (what you pay)
$398,022
Cash or secondary financing
Monthly savings
$2,275
Versus today's market rate
Est. savings per year
$27K
Versus today's market rate

About this home

BRAND-NEW AC + PRIVATE POOL + 3-CAR GARAGE! This spacious 3,110 sq ft home offers 4 bedrooms, 3 baths, a den with French doors, and multiple living areas for added flexibility. The home has two AC units, including one brand-new system and a second unit approximately 7 years old. Recent improvements include fresh neutral interior paint, new upstairs carpet, updated upstairs bathroom flooring, and updated lighting. Vaulted ceilings, abundant natural light, an oversized primary suite, and a flexible floor plan make this home ideal for everyday living, entertaining, working from home, or creating a potential 5th bedroom. The layout offers multiple ways to use the space, including a home office, game room, media room, guest area, playroom, or additional bedroom setup. The kitchen and adjoining living areas provide plenty of room for gathering and entertaining, while the oversized primary suite offers a comfortable private retreat. Outside, enjoy a private pool and backyard space designed for Arizona living. The 3-car garage adds valuable parking and storage. With approximately 3,110 square feet, multiple living areas, flexible room options, a private pool, recent interior updates, and two AC systems including one brand-new unit, this home offers a combination of space, versatility, and functionality that can be difficult to find at this price point.

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 $398,022. 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
Bathrooms3
Square feet3,110
Property typeSingle Family
MLS #7079457
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)
$644/mo
Source est. payment (PITI)
$1,110/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$398,022

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

$0$398,022
Additional funds needed$0

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