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Closed
Closed

$410,000

($302,917 down)
FHA

1835 W RAY Lane, Apache Junction, AZ 85120

3
2
1,316 sqft
PITI Monthly
$1,062.6 /mo

Listing courtesy of: Sergio A Galindo, At Home Real Estate Arizona

Assumed Rate

3.77%
7.15%

Principal & Interest

$702 /mo
$1,021 /mo
$51,224 in interest paid off

What's Special

LOCATION
SPACIOUS
GRANITE COUNTERTOPS
VAULTED CEILINGS
This stunning Apache Junction property has so much to offer and we know you're going to love it. 3 spacious bedrooms all with ceiling fans and the
primary bed suite offers a large walk in closet. Some of the other great features include vaulted ceilings, tile flooring throughout, and neutral color
paint that should go with any color furniture. The kitchen offers granite countertops, tile backsplash, breakfast bar, stainless steel double sink, and
contemporary cabinets with plenty of storage space. Great location only minutes from the US-60 and the 202. Don't miss out on this beauty!
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.77
Remaining Loan Term
20 years, 0 months
Monthly PITI
$1,062.6/mo
Estimated Loan Balance
$124,595
Cash to close
$302,917
Interest Paid
$51,224

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
Features
  • Materials: Brick Veneer, Painted, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Composition
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • Carport: Yes
  • Carport Spaces: 2
Water
  • Sewer: Public Sewer
  • Water Source: City Water
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Ranch
Materials
  • Brick Veneer, Painted, Frame - Wood
  • Roof: Composition
Condition
  • Year Built: 1997
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: IRONWOOD COVE
  • Features:
HOA
  • Has HOA: No
Location
  • Region: Apache Junction

Financial Details

  • Price per Sqft: $311.55
  • Tax Annual Amount: $1242
  • On Market Date: Jul 04, 2024
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Savings Calculator

Current cash to close is $302,917 (74%)
You can enter any amount below - secondary financing will cover the difference if needed.
74%
$
0%20%50%

You cover the entire equity of $302,917!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$107,083
Your Cash:$302,917
Total Purchase Price:$410,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$702/mo
Traditional @ 7.15%
$1,059/mo
You save $357/month ($4,288/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6694281

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Jun 01, 2024 08:08am

© 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

3.77%
7.15%

Principal & Interest

$702 /mo
$1,021 /mo
$51,224 in interest paid off
Inquire about this property
​
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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 $302,917 (74%)
You can enter any amount below - secondary financing will cover the difference if needed.
74%
$
0%20%50%

You cover the entire equity of $302,917!

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

Loan Breakdown

Assumed Mortgage3.77% Sellers Rate
$107,083
Your Cash:$302,917
Total Purchase Price:$410,000

Assumed vs Traditional Mortgage

Assumed @ 3.77%
$702/mo
Traditional @ 7.15%
$1,059/mo
You save $357/month ($4,288/year)

*Secondary financing rates are an estimated value based on input

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May, 14 2025

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