Properties / 167 S HANCOCK Trail
VA ASSUMABLERate: 2.84%

167 S HANCOCK Trail

$352,500
Casa Grande, AZ 85194
2 beds2 baths2,007 sqftSingle Family
The assumable advantage
2.84%
VA assumed rate
$40,632 interest already paid off
Estimated Loan Balance$276,251
Cash to close$78,101
Est. Monthly PITI$1,639
Initial Loan Amount$307,444
Time on site50 days
Remaining Term25 years, 2 months
Seller's equity (what you pay)
$76,249
Cash or secondary financing
Monthly savings
$798
Versus today's market rate
Est. savings per year
$10K
Versus today's market rate

About this home

Assume this loan at a 2.8% interest rate! Monthly payment of $1,756.00 PITI with Mi. Very well kept 2 Bed, 2 Bath + Den in Mission Royale 55+ Community. Popular 107 model features custom staggered tile, plush carpet in bedrooms, plantation shutters & ceiling fans throughout. Kitchen offers granite countertops, eat-at peninsula bar & LG stainless steel appliances. Primary suite includes split A/C, walk-in closet, custom walk-in shower, raised dual-sink vanity & skylight. Guest bedroom features bay window & private bath with custom walk-in shower. Den includes built-in Murphy bed & custom cabinetry. Enjoy the custom Arizona room with travertine tile, extended patio & fenced backyard backing a peaceful wash. New HVAC, new water heater, owned solar & extended garage with custom built-in cabinets. Quality, comfort & location -- this one checks every box

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 $76,249. 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

Bedrooms2
Bathrooms2
Square feet2,007
Property typeSingle Family
MLS #7042647
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$1,281/mo
Source est. payment (PITI)
$1,639/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$76,249

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

$0$76,249
Additional funds needed$0

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