Properties / 2722 W JASPER Avenue
FHA ASSUMABLERate: 3.62%

2722 W JASPER Avenue

$375,000
Apache Junction, AZ 85120
3 beds3 baths2,301 sqftSingle Family
The assumable advantage
3.62%
FHA assumed rate
$56,097 interest already paid off
Estimated Loan Balance$207,077
Cash to close$168,395
Est. Monthly PITI$1,585
Initial Loan Amount$240,562
Time on site46 days
Remaining Term23 years, 2 months
Seller's equity (what you pay)
$167,923
Cash or secondary financing
Monthly savings
$1,110
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

This roomy two-story home in Apache Junction offers 2,300 square feet with 3 bedrooms and 2.5 baths, plus flexible space downstairs that can work as a den or extra bedroom. Built in 1999 with stone accents and a tile roof, it features a big kitchen with walk-in pantry and breakfast bar, vaulted ceilings, an upstairs loft/family room, convenient laundry, and central air. Outside you'll find a fully fenced yard with grass, a patio, RV parking, and a 2-car garage. Great location near the Superstition Mountains with easy access to the 60 freeway, shopping, and nearby community paths and playground.

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 $167,923. 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
Bathrooms3
Square feet2,301
Property typeSingle Family
MLS #7058937
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)
$1,101/mo
Source est. payment (PITI)
$1,585/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$167,923

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

$0$167,923
Additional funds needed$0

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