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Under Contract
Under Contract

$379,000

($226,620 down)
FHA

3428 W FRAKTUR Road, Phoenix, AZ 85041

3
3
2,230 sqft
PITI Monthly
$1,260.23 /mo

Listing courtesy of: Cinthya Lorena Raudales, West USA Realty

Assumed Rate

3.57%
7.15%

Principal & Interest

$836 /mo
$1,247 /mo
$52,487 in interest paid off

What's Special

LOCATION
MINUTES AWAY
SHOPPING
DINING
SPACIOUS
LANDSCAPED
Assumable 3.125% rate. This spacious 2-story home offers an amazing location and incredible flexibility for your needs. With a newer AC, water
heater, and garage door opener, al replaced in 2023, plus fresh carpet JUST INSTALLED, it's ready for you! . The finished pool-sized backyard is already
landscaped with pavers and low-maintenance artificial turf, making it perfect for outdoor gatherings. This home has the potential to be a 5-bedroom!
Add a wall and closet upstairs or convert the downstairs office into an additional bedroom—while still keeping the large loft as a media or ... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.57
Remaining Loan Term
21 years, 3 months
Monthly PITI
$1,260.23/mo
Estimated Loan Balance
$158,353
Cash to close
$226,620
Interest Paid
$52,487

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: Central Air
  • Heating: Electric
Features
  • Materials: Stucco, Wood Frame, Painted
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Tile

Exterior

Fencing
  • Fencing: Block
Roof
  • Roof: Tile
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: 2
  • Home type: Single Family Residence
  • Architectural Style:
Materials
  • Stucco, Wood Frame, Painted
  • Roof: Tile
Condition
  • Year Built: 2005
Details
  • Builder: DR HORTON

Community & HOA

Community
  • Subdivision: PARK MEADOWS
  • Features: Playground, Biking/Walking Path
HOA
  • Has HOA: Yes
  • HOA Name: Park Meadows
  • HOA Amenities: Unknown
  • HOA Fee: $81.6
  • HOA Frequency: $Monthly
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $169.96
  • Tax Annual Amount: $1720
  • On Market Date: Aug 09, 2024
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Savings Calculator

Current cash to close is $226,620 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$
0%20%50%

You cover the entire equity of $226,620!

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

Loan Breakdown

Assumed Mortgage3.57% Sellers Rate
$152,380
Your Cash:$226,620
Total Purchase Price:$379,000

Assumed vs Traditional Mortgage

Assumed @ 3.57%
$836/mo
Traditional @ 7.15%
$1,293/mo
You save $457/month ($5,485/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6741833

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: Apr 29, 2025 01:30pm

© 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

3.57%
7.15%

Principal & Interest

$836 /mo
$1,247 /mo
$52,487 in interest paid off
Inquire about this property
​
​
​
​
​

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 $226,620 (60%)
You can enter any amount below - secondary financing will cover the difference if needed.
60%
$
0%20%50%

You cover the entire equity of $226,620!

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

Loan Breakdown

Assumed Mortgage3.57% Sellers Rate
$152,380
Your Cash:$226,620
Total Purchase Price:$379,000

Assumed vs Traditional Mortgage

Assumed @ 3.57%
$836/mo
Traditional @ 7.15%
$1,293/mo
You save $457/month ($5,485/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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