Properties / 7424 W WOLF Street
FHA ASSUMABLERate: 7.22%

7424 W WOLF Street

$370,000
Phoenix, AZ 85033
4 beds3 baths2,149 sqftSingle Family
The assumable advantage
7.22%
FHA assumed rate
$46,139 interest already paid off
Estimated Loan Balance$304,100
Cash to close$66,178
Est. Monthly PITI$2,628
Initial Loan Amount$309,800
Time on site30 days
Remaining Term28 years
Seller's equity (what you pay)
$65,900
Cash or secondary financing
Monthly savings
$71
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Welcome to this well-maintained home offering a comfortable layout, thoughtful updates, and easy-care outdoor spaces. Tile flooring throughout the downstairs creates a clean, cohesive look, while the inviting kitchen features stylish quartz countertops and plenty of workspace for everyday living and entertaining. The primary bathroom has been tastefully updated with modern touches, adding to the home's overall appeal. Outside, the front yard features attractive rock landscaping for easy maintenance, while the backyard offers a spacious concrete patio, raised planter box, and covered patio--perfect for enjoying Arizona's beautiful weather or creating your own outdoor entertaining space. A convenient 2-car garage provides additional storage and functionality. With a practical floor pla desirable updates, and low-maintenance outdoor living, this home is ready for its next owner.

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 $65,900. 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 feet2,149
Property typeSingle Family
MLS #7065540
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)
$2,111/mo
Source est. payment (PITI)
$2,628/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$65,900

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

$0$65,900
Additional funds needed$0

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