Dan Kaercher

Dan Kaercher

(480) 202-1789
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OverviewWhat's SpecialLocationAssumption SnapshotFacts & Features
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Closed

$380,000

($145,282 down)
FHA

1412 W MERCER Lane, Phoenix, AZ 85029

2
N/A
1,046 sqft
PITI Monthly
$1,429.99 /mo

Listing courtesy of: Benjamin Sida, My Home Group Real Estate

Assumed Rate

2.77%
7.15%

Principal & Interest

$1,045 /mo
$1,724 /mo
$28,127 in interest paid off

What's Special

MOUNTAIN VIEWS

ASSUMABLE 2.2% - $235K LOAN FOR QUALIFIED FHA BUYERS. CURRENTLY A DUPLEX. LIVE IN IT AS A SINGLE FAMILY BY OPENING UP ONE WALL OR RENT ONE UNIT & GET INCOME FROM 2ND UNIT. MOUNTAIN VIEWS & NEAR HIKING TRAILS. UPDATED SEWER/DRAIN PLUMBING LINES, A/C UNITS LESS THAN 5YRS OLD , QUARTZ COUNTERTOPS, UPDATED BATHROOM VANITIES, TOILETS, SHOWER FIXTURES, KITCHEN SINKS & FIXTURES, TILE WALLS AT TUBS, KITCHEN CABINETS ARE REAL WOOD HAVE BEEN REFINISHED, BLACK/STAINLESS STEEL GAS/ OVEN RANGE, HOODS, WASHER DRYER HOOK UP! HUGE LOT W/ PLENTY OF SPACE TO BUILD & EXPAND!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.77
Remaining Loan Term
25 years, 10 months
Monthly PITI
$1,429.99/mo
Estimated Loan Balance
$271,220
Cash to close
$145,282
Interest Paid
$28,127

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 2
  • Bathrooms: 0
Cooling & Heating
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
Features
  • Materials: Painted, Brick
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Vinyl, Concrete

Exterior

Fencing
  • Fencing: Chain Link, Wood
Roof
  • Roof: See Remarks
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces: 0
Water
  • Sewer: Public Sewer
  • Water Source: City Franchise
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 1
  • Home type: Single Family - Detached
  • Architectural Style: Unknown
Materials
  • Painted, Brick
  • Roof: See Remarks
Condition
  • Year Built: 1961
Details
  • Builder: Unknown

Community & HOA

Community
  • Subdivision: MERCER HEIGHTS
  • Features: No Pool
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $363.29
  • Tax Annual Amount: $651
  • On Market Date: 2024-06-03T00:00:00.000Z
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 $145,282 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $145,282!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$234,718
Your Cash$145,282
Total Purchase Price:$380,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,045/mo
Traditional @ 7.5%
$1,789/mo
You save $744/month ($8,923/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6711091

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2024-09-10T15:09:41.000Z

© , 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

2.77%
7.15%

Principal & Interest

$1,045 /mo
$1,724 /mo
$28,127 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 $145,282 (38%)
You can enter any amount below - secondary financing will cover the difference if needed.
38%
$

You cover the entire equity of $145,282!

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

Loan Breakdown

Assumed Mortgage2.77% Sellers Rate
$234,718
Your Cash$145,282
Total Purchase Price:$380,000

Assumed vs Traditional Mortgage

Assumed @ 2.77%
$1,045/mo
Traditional @ 7.5%
$1,789/mo
You save $744/month ($8,923/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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