12616 Keitha Adams Drive, El Paso, TX 79928
El Paso, TX 79928
This 4 bed, 3 bath single-family home, built in 2016, at 12616 Keitha Adams Drive in El Paso, TX 79928 is listed at $316,950 with a FHA loan at 3.15% and $186,989 remaining. The listing is published by UMe and was last confirmed on October 12, 2026.
Property facts
- Asking price
- $316,950
- Bedrooms
- 4
- Bathrooms
- 3
- Square feet
- 2,379
- Year built
- 2016
- Type
- single-family home
- First seen
- October 5, 2026
- Last confirmed
- October 12, 2026
The assumable loan
- Interest rate
- 3.15%
- Remaining balance
- $186,989
- Loan type
- FHA
Estimated gap between price and loan balance: $129,961. In an assumption this amount is covered with cash or other financing, on top of closing costs. How much cash an assumption needs
Estimated monthly principal and interest
| Assuming this loan at 3.15% | $901 |
| Same balance as a new loan at 7.46% | $1,377 |
| Difference each month | $476 lower |
Over 25 years that difference adds up to about $142,677. These figures assume 25 years remaining and a 7.46% comparison rate, because the source did not publish the remaining term. They cover principal and interest only, not taxes, insurance, HOA dues, or mortgage insurance.
What assuming an FHA loan involves
FHA loans originated after 1986 are assumable with the servicer's approval. The buyer goes through a creditworthiness review against current FHA guidelines, including credit score and debt-to-income limits.
The buyer takes over the remaining balance at the original rate, and the gap between the price and that balance is covered with cash or secondary financing. FHA mortgage insurance continues for the life of the loan on most loans originated after 2013, so the monthly cost includes that premium.
FHA rules generally require the buyer to occupy the home as a primary residence. The seller is released from liability once the servicer completes the assumption and issues a release.
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Educational information only. This article is general information about how mortgage assumptions work, it is not financial, legal, lending, or tax advice. Loan terms, fees, and rules vary by lender, loan servicer, and state, and can change over time. Confirm the specifics of your situation with the appropriate licensed professionals.