Properties / 806 N Oak Point Circle
VA ASSUMABLERate: 2.66%

806 N Oak Point Circle

$649,900
Payson, AZ 85541
3 beds3 baths2,424 sqftSingle Family
The assumable advantage
2.66%
VA assumed rate
$78,520 interest already paid off
Estimated Loan Balance$131,767
Cash to close$523,651
Est. Monthly PITI$2,158
Initial Loan Amount$310,000
Time on site50 days
Remaining Term6 years, 10 months
Seller's equity (what you pay)
$518,133
Cash or secondary financing
Monthly savings
$2,074
Versus today's market rate
Est. savings per year
$25K
Versus today's market rate

About this home

Breathtaking views while nestled at the end of a quiet cul-de-sac in Payson, this exceptional property at 806 N. Oak Point offers privacy, and extensive shop space/storage. A true single story home with no stairs, surrounded by mature trees, the home provides a serene, secluded setting while still being conveniently located. Inside, you'll find three spacious bedrooms plus a dedicated office--perfect for remote work or a quiet retreat. The expansive basement features tall ceilings and a separate entrance, offering incredible flexibility for a workshop, hobby space, or extensive storage. A three-car garage provides ample room for vehicles and gear, while the covered patio invites you to relax and take in the spectacular scenery year-round. This is a rare opportunity to own a private, view-filled property with versatile living space in one of Payson's most desirable settings.

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 $518,133. 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

Bedrooms3
Bathrooms3
Square feet2,424
Property typeSingle Family
MLS #7019952
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)
$1,759/mo
Source est. payment (PITI)
$2,158/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$518,133

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

$0$518,133
Additional funds needed$0

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