Properties / 11173 W MANZANITA Drive
FHA ASSUMABLERate: 4.98%

11173 W MANZANITA Drive

$400,000
Peoria, AZ 85345
4 beds2 baths1,644 sqftSingle Family
The assumable advantage
4.98%
FHA assumed rate
$65,920 interest already paid off
Estimated Loan Balance$301,757
Cash to close$99,188
Est. Monthly PITI$2,199
Initial Loan Amount$321,855
Time on site50 days
Remaining Term25 years, 10 months
Seller's equity (what you pay)
$98,243
Cash or secondary financing
Monthly savings
$627
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Your own private pool, synthetic grass, large covered back patio, two family rooms, 4 bedrooms, 2 full baths, family room off of kitchen, formal living and dining rooms at entryway, vaulted ceilings, tile flooring and wonderful floor plan. There are schools, restaurants, shopping, golf course, Park West and Westgate Entertainment district all close by.

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 $98,243. 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 feet1,644
Property typeSingle Family
MLS #7043017
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)
$1,732/mo
Source est. payment (PITI)
$2,199/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$98,243

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

$0$98,243
Additional funds needed$0

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