Properties / 5243 E HASH KNIFE DRAW Road
VA ASSUMABLERate: 6.65%

5243 E HASH KNIFE DRAW Road

$850,000
San Tan Valley, AZ 85140
4 beds3 baths3,161 sqftSingle Family
The assumable advantage
6.65%
VA assumed rate
$56,208 interest already paid off
Estimated Loan Balance$561,591
Cash to close$292,404
Est. Monthly PITI$4,348
Initial Loan Amount$570,000
Time on site50 days
Remaining Term23 years, 7 months
Seller's equity (what you pay)
$288,409
Cash or secondary financing
Monthly savings
$1,077
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

4 bedroom, 2.5 bath custom home on 1.25 Acre fenced lot. 4 car garage with epoxy floor. Custom stained glass & knotty alder 10' entry door opening to 12' wood ceilings in foyer. The rest of the home has 10' ceilings, 8' knotty alder doors thru-out with upgraded Anderson wood windows! Beautiful travertine & wood floors thru-out w/carpet in bedrooms. Dream kitchen has custom knotty alder cabinetry, crown molding, upgraded appliances, granite counters, walk in pantry & large island. Owner's suite features luxury bath with double sinks, jetted tub, a large travertine shower with dual heads and a large walk-in closet. There is also a bonus/game room. Covered patio across the back of the home & has exposed wood beams. Electronic front gate. Energy efficient metal roof. Best of all... NO HOA!!!

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 $288,409. 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
Bathrooms3
Square feet3,161
Property typeSingle Family
MLS #6984642
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)
$3,936/mo
Source est. payment (PITI)
$4,348/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$288,409

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

$0$288,409
Additional funds needed$0

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