Dan Kaercher

Dan Kaercher

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Closed

$725,000

($476,599 down)
FHA

1038 S Indian Summer Avenue, West Covina, CA 91790

3
2
1,120 sqft
PITI Monthly
$3,074.39 /mo

Listing courtesy of: Armand Martinez, Century 21 Masters

Assumed Rate

5.02%
7.15%

Principal & Interest

$2,525 /mo
$3,170 /mo

What's Special

FAMILY-FRIENDLY
COZY

Welcome to this delightful and family-friendly home, an ideal choice for first-time buyers. Boasting a bright and open kitchen, a cozy living area, three well-appointed bedrooms, and two bathrooms, this residence seamlessly combines comfort and practicality. The expansive front and back yards offer plenty of room for outdoor fun, gardening, or relaxation. Situated in a tranquil and scenic neighborhood within the esteemed West Covina Unified School District, this home is perfectly suited for making cherished memories. Don’t let this wonderful opportunity pass you by—come see it today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.02
Remaining Loan Term
10 years, 4 months
Monthly PITI
$3,074.39/mo
Estimated Loan Balance
$316,526
Cash to close
$476,599
Interest Paid
$370,545

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: CentralAir
  • Heating: Central
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Carpet, Wood

Exterior

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

Construction

Type & Style
  • Stories: 1
  • Home type: SingleFamilyResidence
  • Architectural Style: Contemporary, Ranch
Materials
  • Stucco
  • Roof: Composition, Shingle
Condition
  • Year Built: 1955
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: Park, StreetLights, Suburban
HOA
  • Has HOA: No
Location
  • Region: West Covina

Financial Details

  • Price per Sqft: $647.32
  • Tax Annual Amount: $9062.5
  • On Market Date: 2024-12-17T00:00:00.000Z
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 $476,599 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $476,599!

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

Loan Breakdown

Assumed Mortgage5.02% Sellers Rate
$248,401
Your Cash:$476,599
Total Purchase Price:$725,000

Assumed vs Traditional Mortgage

Assumed @ 5.02%
$2,525/mo
Traditional @ 7.5%
$3,288/mo
You save $763/month ($9,154/year)

*Secondary financing rates are an estimated value based on input

MLS ID: CV24247315

Listing From:

Last updated: 2025-02-03T23:28:21.000Z

© , CRMLS. 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

5.02%
7.15%

Principal & Interest

$2,525 /mo
$3,170 /mo
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 $476,599 (66%)
You can enter any amount below - secondary financing will cover the difference if needed.
66%
$

You cover the entire equity of $476,599!

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

Loan Breakdown

Assumed Mortgage5.02% Sellers Rate
$248,401
Your Cash:$476,599
Total Purchase Price:$725,000

Assumed vs Traditional Mortgage

Assumed @ 5.02%
$2,525/mo
Traditional @ 7.5%
$3,288/mo
You save $763/month ($9,154/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Your Home Sold Guaranteed Realty
Agent/Broker
Dan KaercherYour Home Sold Guaranteed Realty(480) 202-1789Dankaercher@state48livin.comMLS SA677983000

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