30949 W Mulberry Drive, Buckeye, AZ 85396 (MLS# 6555751)

Special Listing Cond: N/A

Architecture: Santa Barbara/Tuscan

Master Bathroom: Double Sinks; Private Toilet Room

Master Bedroom: Split

Additional Bedroom: Other Bedroom Split; Master Bedroom Walk-in Closet

Fireplace: No Fireplace

Flooring: Carpet; Tile

Windows: Sunscreen(s); Dual Pane; ENERGY STAR Qualified Windows; Low-E

Pool Features: No Pool

Spa: None

Community Features: Biking/Walking Path; Children's Playgrnd; Comm Tennis Court(s)

Dining Area: Eat-in Kitchen; Breakfast Bar; Dining in LR/GR

Kitchen Features: 220 Volts in Kitchen; Range/Oven Gas; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Engy Star (See Rmks); Pantry; Granite Countertops

Laundry: Wshr/Dry HookUp Only; Inside

Other Rooms: Family Room; Great Room

Features: No Interior Steps

Technology: Cable TV Avail; High Speed Internet Available

Exterior Features: Childrens Play Area; Covered Patio(s); Patio; Other

Parking Features: Dir Entry frm Garage; Electric Door Opener

Road Responsibility: City Maintained Road

Construction: Frame - Wood

Const - Finish: Painted; Stucco

Roofing: Tile

Cooling: Refrigeration; Ceiling Fan(s); Programmable Thmstat; ENERGY STAR Qualified Equipment

Heating: Natural Gas; ENERGY STAR Qualified Equipment

Plumbing: Engy Star Ht Wtr Htr; Gas Hot Water Heater

Utilities: APS; SW Gas

Water: City Water

Sewer: Sewer - Public

Services: City Services

Fencing: Block

Property Description: Mountain View(s); North/South Exposure

Landscaping: Gravel/Stone Back; Desert Front; Synthetic Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back; Auto Timer H2O Back

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: Supra (ARMLS)

Possession: Close of Escrow

Unit Style: All on One Level

Association Fee Incl: Common Area Maint

Assoc Rules/Info: Pets OK (See Rmrks); No Visible Truck Trailer RV Boat; Rental OK (See Rmks); Prof Managed

Existing 1st Loan: FHA; Other (See Remarks)

Existing 1st Ln Trms: Assume - Qualify

New Financing: Cash; VA; FHA; Conventional; Lease Purchase

Disclosures: Seller Discl Avail; Agency Discl Req

benefits of this assumable rate mortgage, we can compare the total cost of two hypothetical loan scenarios over a 30-year period. Let's calculate the approximate monthly payments and total payments for each mortgage. For a $400k mortgage at 2.75%: The monthly payment can be calculated using a loan amortization formula, which comes to approximately $1,632.96. The total interest payments over 30 years would amount to around $187,867.30. For a $350k mortgage at 6.75%: The monthly payment, calculated similarly, is approximately $2,270.09. The total interest payments over 30 years would amount to around $467,233.60. Comparing the two options, the lower interest rate of 2.75% for the $400k mortgage results in significantly lower monthly payments and a total interest cost of $187,867.30. On the other hand, the higher interest rate of 6.75% for the $350k mortgage leads to higher monthly payments and a total interest cost of $467,233.60. Thus, opting for the $400k mortgage at 2.75% would provide the benefit of lower monthly payments and save you approximately $280k over the 30-year term compared to the $350k mortgage at 6.75%. This low 2.75% assumable rate mortgage brings a host of benefits to both buyers and sellers. With its advantageous interest rate, simplified financing process, potential cost savings, and flexibility, this type of mortgage offers an attractive proposition in today's real estate market. By understanding and harnessing the benefits of this property's low 2.75% assumable rate mortgage, homebuyers can make informed decisions that align with their financial goals.