Properties / 1600 N Saba Street
FHA ASSUMABLERate: 7.15%

1600 N Saba Street

$330,000
Chandler, AZ 85225
2 beds2 baths1,200 sqftSingle Family
The assumable advantage
7.15%
FHA assumed rate
$121,354 interest already paid off
Estimated Loan Balance$33,966
Cash to close$298,055
Est. Monthly PITI$872
Initial Loan Amount$89,103
Time on site50 days
Remaining Term5 years, 3 months
Seller's equity (what you pay)
$296,034
Cash or secondary financing
Monthly savings
$1,298
Versus today's market rate
Est. savings per year
$16K
Versus today's market rate

About this home

Beautiful 2-bedroom, 1.5-bath townhouse at 1600 N Saba St #111 with an open, inviting layout. Recent upgrades include new dual-paned windows, doors, and energy-efficient foam insulation in the attic to keep the home cool and comfortable through Arizona summers. Nestled in a peaceful, well-maintained neighborhood, this home offers the perfect balance of style, comfort, and convenience. Ideal for anyone seeking modern living in a quiet community.

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 $296,034. 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

Bedrooms2
Bathrooms2
Square feet1,200
Property typeSingle Family
MLS #7009458
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)
$648/mo
Source est. payment (PITI)
$872/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$296,034

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

$0$296,034
Additional funds needed$0

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