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Closed
Closed

$300,000

($26,566 down)
FHA

1523 W TONTO Street, Phoenix, AZ 85007

3
1
948 sqft
PITI Monthly
$2,328.41 /mo

Listing courtesy of: Monica Herdez, Equity Realty Group, LLC

Assumed Rate

7.62%
7.15%

Principal & Interest

$1,949 /mo
$1,861 /mo
$29,561 in interest paid off

What's Special

OPEN CONCEPT
SHOPPING
ENTERTAINMENT
DINING
MODERN
RENOVATED
LUXURY
COZY
This home is a beautifully renovated three-bedroom, one bath home perfect for those seeking a blend of charm and modern comfort. Upon entering
you will be greeted by an open concept and airy floorplan showcasing the recent updates. The living spaces features luxury finishes, including sleek
flooring, upgraded lighting and a fresh color pallet. The kitchen is the heart of the home with modern cabinetry, countertops and stainless-steel
appliances. The bedrooms offer cozy retreats with ample natural light. Outside of the property it offers a generous yard, ideal for outdoor... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
7.62
Remaining Loan Term
28 years, 7 months
Monthly PITI
$2,328.41/mo
Estimated Loan Balance
$273,645
Cash to close
$26,566
Interest Paid
$29,561

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 1
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Painted, Block
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family Residence
  • Architectural Style: Ranch
Materials
  • Painted, Block
  • Roof: Composition
Condition
  • Year Built: 1964
Details
  • Builder: unknown

Community & HOA

Community
  • Subdivision: STEVE RAYBURN SUBDIVISION
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $316.46
  • Tax Annual Amount: $412
  • On Market Date: Sep 24, 2024
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Savings Calculator

Current cash to close is $26,566 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
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0%20%50%

You cover the entire equity of $26,566!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage7.62% Sellers Rate
$273,434
Your Cash$26,566
Total Purchase Price:$300,000

Assumed vs Traditional Mortgage

Assumed @ 7.62%
$1,949/mo
Traditional @ 7.15%
$1,861/mo
You save $-88/month ($-1,053/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6760502

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: May 06, 2025 08:10am

© 2025, Arizona Regional Multiple Listing Service (ARMLS). All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

7.62%
7.15%

Principal & Interest

$1,949 /mo
$1,861 /mo
$29,561 in interest paid off
Inquire about this property
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​
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We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $26,566 (9%)
You can enter any amount below - secondary financing will cover the difference if needed.
9%
$
0%20%50%

You cover the entire equity of $26,566!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage7.62% Sellers Rate
$273,434
Your Cash$26,566
Total Purchase Price:$300,000

Assumed vs Traditional Mortgage

Assumed @ 7.62%
$1,949/mo
Traditional @ 7.15%
$1,861/mo
You save $-88/month ($-1,053/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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