Properties / 2316 E New Moon Way
FHA ASSUMABLERate: 2.74%

2316 E New Moon Way

$425,000
Williams, AZ 86046
3 beds2 baths sqftSingle Family
The assumable advantage
2.74%
FHA assumed rate
$32,343 interest already paid off
Estimated Loan Balance$205,653
Cash to close$221,257
Est. Monthly PITI$1,370
Initial Loan Amount$231,893
Time on site36 days
Remaining Term24 years, 8 months
Seller's equity (what you pay)
$219,347
Cash or secondary financing
Monthly savings
$1,549
Versus today's market rate
Est. savings per year
$19K
Versus today's market rate

About this home

Discover your dream home on New Moon Way, one of the few streets in the Red Lake subdivision that backs onto undeveloped 10-acre parcels, providing a delightful sense of privacy you'll truly appreciate! The roadways are maintained year-round, and this stunning farmhouse-style home features a new front and covered back deck, along with a two-car garage. The spacious living area includes a large open-concept kitchen, a generous master bath, and a guest bath, complemented by sizable bedrooms arranged in a split floor plan for maximum privacy. This beautifully treed acre with a turnkey residence could be yours! The home is easy to show and ready for sale--call today to schedule a viewing. The HOA has light CC&Rs, primarily aimed at raising funds for road maintenance, which locals appreciate! Located just 10-15 minutes from Williams city limits, this location is perfect for enjoying the breathtaking beauty of rural Arizona without the hassle of roughing it. Don't miss out on the opportunity to own one of the most charming homes, featuring high ceilings, a fenced backyard, and a space that has been lovingly cared for.

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 $219,347. 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
Property typeSingle Family
MLS #204211
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)
$957/mo
Source est. payment (PITI)
$1,370/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$219,347

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

$0$219,347
Additional funds needed$0

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