Properties / 37178 N EL MORRO Trail
FHA ASSUMABLERate: 4.14%

37178 N EL MORRO Trail

$455,500
San Tan Valley, AZ 85140
5 beds3 baths3,390 sqftSingle Family
The assumable advantage
4.14%
FHA assumed rate
$88,010 interest already paid off
Estimated Loan Balance$273,025
Cash to close$185,413
Est. Monthly PITI$2,098
Initial Loan Amount$314,204
Time on site50 days
Remaining Term22 years, 10 months
Seller's equity (what you pay)
$182,475
Cash or secondary financing
Monthly savings
$1,144
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

This large and spacious home in the heart of San Tan Valley is ready to be yours! At the front of the home you have an enclosed office space that has potential for use as an additional bedroom. Mud room ''area'' near the garage to drop your coat and boots as you come in. Kitchen / Dining / Living room all wide open with one another for excellent entertainment space. Backyard is small and easily manageable, ready for your future dream layouts. The upstairs is complete with a loft and split floorplan. Laundry room upstairs right next to the master. Linen closets and bedrooms off to the other end. Master bathroom has an enclosed stand up shower, private linen closet, private toilet room, and spacious walk in closet. This is a must see!

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 $182,475. 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

Bedrooms5
Bathrooms3
Square feet3,390
Property typeSingle Family
MLS #7025897
CountyMaricopa County
Assumable loanFHA
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Free · No commitment · Typical reply in 15 min
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)
$1,542/mo
Source est. payment (PITI)
$2,098/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$182,475

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

$0$182,475
Additional funds needed$0

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