Laura Jewett

Laura Jewett

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Closed

$360,000

($310,594 down)
FHA

8314 W MONTEREY Way, Phoenix, AZ 85037

3
2
1,360 sqft
PITI Monthly
$888.98 /mo

Listing courtesy of: Kathleen M DeLeon Jacovo, Keller Williams Realty Professional Partners

Assumed Rate

5.88%
7.15%

Principal & Interest

$578 /mo
$660 /mo

What's Special

SPACIOUS
PATIO
CHARMING

This charming single-level residence featuring a convenient RV gate & a 2-car garage in the Bolero Court Community is the one you've been waiting for! This home is conveniently located within 10 minutes from both the I-10 and 101 highways. Explore inside to see the newly updated kitchen, high vaulted ceiling and spacious living area that is ideal for both everyday living & entertaining! As you make your way outside you will find a backyard offering a brand-new covered patio & plenty of potential for adding your personal touch! With a newer AC system, floor to ceiling storage cabinets located in the garage and a freshly painted exterior, there is not much left to do but to call this place home!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.88
Remaining Loan Term
8 years, 4 months
Monthly PITI
$888.98/mo
Estimated Loan Balance
$52,995
Cash to close
$310,594
Interest Paid
$98,250

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
Features
  • Materials: Painted, Stucco, Frame - Wood
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: None
  • Flooring: Laminate, 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: 1
  • Home type: Single Family - Detached
  • Architectural Style:
Materials
  • Painted, Stucco, Frame - Wood
  • Roof: Tile
Condition
  • Year Built: 1999
Details
  • Builder: DIAMOND KEY HOMES

Community & HOA

Community
  • Subdivision: BOLERO COURT
  • Features: Biking/Walking Path
HOA
  • Has HOA: No
Location
  • Region: Phoenix

Financial Details

  • Price per Sqft: $264.71
  • Tax Annual Amount: $1100
  • On Market Date: 2024-07-04T07:12:12.000Z
Inquire about this property

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Apply to Assume

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

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Savings Calculator

Current cash to close is $310,594 (86%)
You can enter any amount below - secondary financing will cover the difference if needed.
86%
$

You cover the entire equity of $310,594!

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

Loan Breakdown

Assumed Mortgage5.88% Sellers Rate
$49,406
Your Cash:$310,594
Total Purchase Price:$360,000

Assumed vs Traditional Mortgage

Assumed @ 5.88%
$578/mo
Traditional @ 7.5%
$684/mo
You save $106/month ($1,274/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6665677

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-02-26T22:04:23.000Z

© , 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

5.88%
7.15%

Principal & Interest

$578 /mo
$660 /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 $310,594 (86%)
You can enter any amount below - secondary financing will cover the difference if needed.
86%
$

You cover the entire equity of $310,594!

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

Loan Breakdown

Assumed Mortgage5.88% Sellers Rate
$49,406
Your Cash:$310,594
Total Purchase Price:$360,000

Assumed vs Traditional Mortgage

Assumed @ 5.88%
$578/mo
Traditional @ 7.5%
$684/mo
You save $106/month ($1,274/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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