Properties / 1862 CAMINO MONTANA
VA ASSUMABLERate: 7.06%

1862 CAMINO MONTANA

$417,000
Sierra Vista, AZ 85635
4 beds2 baths2,172 sqftSingle Family
The assumable advantage
7.06%
VA assumed rate
$55,240 interest already paid off
Estimated Loan Balance$358,077
Cash to close$59,597
Est. Monthly PITI$2,782
Initial Loan Amount$365,000
Time on site50 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$58,923
Cash or secondary financing
Monthly savings
$9
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

This beautiful home has a heated pool and jacuzzi with fabulous mountain views. It is nestled in an adventurer's haven, with Kartchner Caverans, Ramsey Canyon Preserve, Chiricahua National Monument just to name of few of the many natural resources and activities near the home. This Ranch Style, 4-bedroom, 2-bathroom home has wide open spaces to relax and enjoy company, or you can relax by the large pool and enjoy the evenings.

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 $58,923. 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 feet2,172
Property typeSingle Family
MLS #7051495
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)
$2,450/mo
Source est. payment (PITI)
$2,782/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$58,923

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

$0$58,923
Additional funds needed$0

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