Properties / 15864 W SHAW BUTTE Drive
VA ASSUMABLERate: 6.94%

15864 W SHAW BUTTE Drive

$700,000
Surprise, AZ 85379
6 beds4 baths4,034 sqftSingle Family
The assumable advantage
6.94%
VA assumed rate
$107,681 interest already paid off
Estimated Loan Balance$634,921
Cash to close$65,706
Est. Monthly PITI$4,685
Initial Loan Amount$650,000
Time on site28 days
Remaining Term27 years, 8 months
Seller's equity (what you pay)
$65,079
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

Your dream home is here!!! This stunning home features a 3-car garage, pristine artificial turf, OWNED SOLAR, brand New Exterior Paint, & an inviting paved patio. Discover a captivating living/dining room w/ soaring ceilings, abundant natural light, a soothing palette, blinds, & tile flooring. You'll also find a spacious great room for relaxing evenings w/ loved ones. The gourmet kitchen comes w/ granite counters, ample wood cabinetry w/ crown moulding, recessed lighting, SS appliances, a walk-in pantry, & an island w/ a breakfast bar. The ground-level main bedroom boasts double French door access to the backyard, a lavish ensuite w/ double vanities, & a generous walk-in closet. Unwind in the backyard, complete w/ a covered patio, travertine pavers, a built-in BBQ, & a refreshing pool!!!

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 $65,079. 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

Bedrooms6
Bathrooms4
Square feet4,034
Property typeSingle Family
MLS #7066765
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)
$4,307/mo
Source est. payment (PITI)
$4,685/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$65,079

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

$0$65,079
Additional funds needed$0

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