Properties / 631 W SILVER REEF Court
FHA ASSUMABLERate: 2.74%

631 W SILVER REEF Court

$321,000
Casa Grande, AZ 85122
4 beds2 baths2,178 sqftSingle Family
The assumable advantage
2.74%
FHA assumed rate
$40,283 interest already paid off
Estimated Loan Balance$250,181
Cash to close$71,409
Est. Monthly PITI$1,640
Initial Loan Amount$284,747
Time on site42 days
Remaining Term24 years, 7 months
Seller's equity (what you pay)
$70,819
Cash or secondary financing
Monthly savings
$727
Versus today's market rate
Est. savings per year
$9K
Versus today's market rate

About this home

4 bed 2 bath home in Desert Crossing! Over 2,000 sq ft of open concept living. Open kitchen with large island and stainless steel appliances. Large Primary bedroom with walk in closet and separate tub and shower. Come see before it's too late!

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 $70,819. 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 feet2,178
Property typeSingle Family
MLS #7060530
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)
$1,166/mo
Source est. payment (PITI)
$1,640/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$70,819

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

$0$70,819
Additional funds needed$0

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