Properties / 4136 W CORRINE Drive
FHA ASSUMABLERate: 2.87%

4136 W CORRINE Drive

$374,999
Phoenix, AZ 85029
3 beds2 baths1,248 sqftSingle Family
The assumable advantage
2.87%
FHA assumed rate
$45,308 interest already paid off
Estimated Loan Balance$297,445
Cash to close$77,554
Est. Monthly PITI$1,882
Initial Loan Amount$333,841
Time on site6 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$77,554
Cash or secondary financing
Monthly savings
$824
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Pool just remodeled! 3 bedrooms 2 baths. Laundry room, 2 car garage plus large RV gate and parking. No HOA. Solid block construction. Freshly painted interior and exterior. Enjoy the pool, large back yard and back porch. Power saving solar panels. Plus a private front court yard. Ready for your next gathering. Close to schools, stores and restaurants. Come see it today!

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 $77,554. 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 feet1,248
Property typeSingle Family
MLS #7076425
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)
$1,387/mo
Source est. payment (PITI)
$1,882/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$77,554

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

$0$77,554
Additional funds needed$0

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