Properties / 14227 N NEWCASTLE Drive
FHA ASSUMABLERate: 6.5%

14227 N NEWCASTLE Drive

$230,000
Sun City, AZ 85351
3 beds2 baths1,256 sqftSingle Family
The assumable advantage
6.5%
FHA assumed rate
$9,425 interest already paid off
Estimated Loan Balance$248,116
Cash to close$0
Est. Monthly PITI$1,880
Initial Loan Amount$249,255
Time on site50 days
Remaining Term29 years, 5 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

SHORT SALE This corner-unit condo nestled within a charming community of owner-occupied homes.Step inside to discover a bright interior with neutral paint, ceiling fans, and a spacious floor plan featuring 3 bedrooms, 2 full bathrooms, & a large laundry room complete with full-size washer and dryer. Additional storage cabinets provide extra convenience and organization.The updated kitchen showcases granite countertops, stainless steel appliances, recessed lighting, and abundant cabinet space, while the adjacent dining area offers a sliding glass door leading to the private patio. Outside, enjoy a generous backyard patio. The attached one-car garage includes built-in storage cabinets. 2021 AC system, newer water heater, and roof.Come see all this wonderful home has to offer & make it yours

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 $0. 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 feet1,256
Property typeSingle Family
MLS #7034980
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)
$1,578/mo
Source est. payment (PITI)
$1,880/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.