14203 JOHN SCAGNO, El Paso, TX 79938
El Paso, TX 79938
This 3 bed, 2 bath single-family home, built in 2015, at 14203 JOHN SCAGNO in El Paso, TX 79938 is listed at $238,750 with a FHA loan at 2.05% and $86,290 remaining. The listing is published by UMe and was last confirmed on October 12, 2026.
Property facts
- Asking price
- $238,750
- Bedrooms
- 3
- Bathrooms
- 2
- Square feet
- 1,417
- Year built
- 2015
- Type
- single-family home
- First seen
- October 8, 2026
- Last confirmed
- October 12, 2026
The assumable loan
- Interest rate
- 2.05%
- Remaining balance
- $86,290
- Loan type
- FHA
Estimated gap between price and loan balance: $152,460. 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 2.05% | $368 |
| Same balance as a new loan at 7.46% | $635 |
| Difference each month | $268 lower |
Over 25 years that difference adds up to about $80,275. 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.
More partner listings in El Paso, TX
10031 PALOMA Drive
View detailsEl Paso, TX
10031 PALOMA Drive
$249,000
$163,212 balance
10080 NEWCASTLE Drive
View detailsEl Paso, TX
10080 NEWCASTLE Drive
$180,000
$178,582 balance
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.