Properties / 225 N STANDAGE
FHA ASSUMABLERate: 6.78%

225 N STANDAGE

$278,000
Mesa, AZ 85201
3 beds2 baths1,212 sqftSingle Family
The assumable advantage
6.78%
FHA assumed rate
$48,450 interest already paid off
Estimated Loan Balance$292,318
Cash to close$0
Est. Monthly PITI$2,272
Initial Loan Amount$299,475
Time on site37 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$0
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

Single level end unit townhome that lives like a private home, move in ready with the updates done. 3 bed, 2 bath with new windows and Pella door, newer AC, remodeled bath, smart thermostat and lights. Covered patio with drip irrigation and lighting, large storage shed, 3 assigned spaces, short walk to the pool. Well kept grounds. HOA covers water, sewer, and trash. Minutes to light rail, Loop 101, Loop 202, US 60, Riverview, Sloan Park, Tempe Marketplace, downtown Mesa, and ASU. Sky Harbor about 20 minutes. Come see it in person.

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 $0. 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 feet1,212
Property typeSingle Family
MLS #7062542
CountyMaricopa County
Assumable loanFHA
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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
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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)
$1,952/mo
Source est. payment (PITI)
$2,272/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.