Properties / 3349 W MONTELLO Road
VA ASSUMABLERate: 3.5%

3349 W MONTELLO Road

$559,900
Phoenix, AZ 85086
3 beds2 baths1,945 sqftSingle Family
The assumable advantage
3.5%
VA assumed rate
$90,588 interest already paid off
Estimated Loan Balance$150,908
Cash to close$411,229
Est. Monthly PITI$1,375
Initial Loan Amount$222,018
Time on site50 days
Remaining Term16 years, 3 months
Seller's equity (what you pay)
$408,992
Cash or secondary financing
Monthly savings
$2,286
Versus today's market rate
Est. savings per year
$27K
Versus today's market rate

About this home

This stunning single-story home is complete with a three-car garage and a sparkling pool that invites relaxation. The outdoor space is a true oasis, featuring a beautiful pool with a tranquil water feature, ensuring privacy and serenity. The covered tile patio offers a perfect spot to unwind, complemented by a grassy area and a paver patio extension. A large, mature tree enhances the secluded atmosphere, while partial wash view fencing allows nature enthusiasts to observe vibrant local birdlife and the enchanting desert wildlife. Inside, this spacious home showcases a great room adorned with large windows that beautifully frame the backyard and wash views, creating a light and airy ambiance. This inviting space flows seamlessly into a well-appointed office, ideal for creating a sophisticated home workspace with built-in cabinets and a dedicated desk area. The heart of the home is the expansive kitchen, featuring extended black granite countertops, a functional island, and sleek modern honey oak cabinetry that offers exceptional storage. Stainless steel appliances enhance the cooking experience, and the kitchen gracefully transitions to a cozy dining nook, leading into a large den decorated with stylish niches and built-ins. The primary bedroom serves as a luxurious retreat, complete with a separate exit to the outdoor area. Its en-suite bathroom is a true sanctuary, featuring a separate soaking tub, a glass-enclosed shower, double sinks, and a spacious walk-in closet that meets all your storage needs. Additionally, the thoughtfully designed layout includes split secondary bedrooms that enhance functionality, while the secondary bathroom also boasts double sinks for added convenience. This exquisite property is a perfect blend of elegance, comfort, and modern living, making it an ideal choice for discerning buyers. Benefit from the low Tramonto HOAs while indulging in outstanding amenities, including picturesque parks, sprawling playgrounds, walking paths, two pools, tennis, basketball, sand volleyball, picnic areas and more! Close to shopping and TSMC!

How assumption works for this home

Can I assume this VA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.

How much cash do I actually need?

You need to cover the seller's equity of $408,992. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

Yes — VA assumptions can be used for investment properties. You can rent this home out.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms3
Bathrooms2
Square feet1,945
Property typeSingle Family
MLS #7033338
CountyMaricopa County
Assumable loanVA
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Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$1,016/mo
Source est. payment (PITI)
$1,375/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$408,992

Asking price minus remaining loan balance. Closing costs are additional.

$0$408,992
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.