Properties / 1017 E EL CAMINITO Drive
VA ASSUMABLERate: 2.98%

1017 E EL CAMINITO Drive

$529,900
Phoenix, AZ 85020
4 beds2 baths1,838 sqftSingle Family
The assumable advantage
2.98%
VA assumed rate
$49,963 interest already paid off
Estimated Loan Balance$340,436
Cash to close$190,208
Est. Monthly PITI$1,879
Initial Loan Amount$378,000
Time on site21 days
Remaining Term25 years, 4 months
Seller's equity (what you pay)
$189,464
Cash or secondary financing
Monthly savings
$1,528
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Beautifully remodeled 4-bedroom single-story stunner in the heart of Phoenix! This one checks every box. Tucked in an unbeatable central location just minutes from the 51 and all the uptown shopping, dining and nightlife you could want. Step inside to an immaculate, wall-to-wall remodel designed for entertaining: an open kitchen with stainless steel appliances, crisp white cabinetry, an elegant backsplash and an island with breakfast bar. Rich wood-look flooring flows through the common areas, while plush carpet keeps the bedrooms cozy. Unwind in the sun-soaked Arizona room, then head out back to your showstopper--a brand-new pool built for those perfect Arizona days.

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 $189,464. 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

Bedrooms4
Bathrooms2
Square feet1,838
Property typeSingle Family
MLS #7069477
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)
$1,597/mo
Source est. payment (PITI)
$1,879/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$189,464

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

$0$189,464
Additional funds needed$0

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