Properties / 4045 E CAMBRIDGE Avenue
VA ASSUMABLERate: 3.23%

4045 E CAMBRIDGE Avenue

$789,000
Phoenix, AZ 85008
4 beds3 baths2,525 sqftSingle Family
The assumable advantage
3.23%
VA assumed rate
$83,777 interest already paid off
Estimated Loan Balance$393,366
Cash to close$398,319
Est. Monthly PITI$2,431
Initial Loan Amount$449,500
Time on site50 days
Remaining Term23 years, 11 months
Seller's equity (what you pay)
$395,634
Cash or secondary financing
Monthly savings
$2,684
Versus today's market rate
Est. savings per year
$32K
Versus today's market rate

About this home

Welcome home to this charming lower Arcadia gem, perfectly nestled in a quiet, sought-after neighborhood! This spacious 2,500+ sq ft retreat is designed for family living and effortless entertaining. At its heart, a gourmet chef's kitchen shines with a gas range, granite counters, and island. The smart split floor plan offers ultimate privacy, featuring a primary en-suite with a walk-in closet.Step outside to your private backyard oasis! Situated on a massive 10,000+ sq ft irrigated lot, the lush grounds boast mature shade trees, fruit trees, and garden beds. Relax under the oversized covered patio while kids or pets play in the grass. With a newer roof, HVAC, exterior paint, and tankless water heater, this move-in-ready home is the perfect place for your family to grow and make memories. Close to Charter Schools of Veritas Prep Academy and Sonoran Science Academy. Home has mature fruit trees of Valencia Orange, Meyer Lemon, Nectarine, and Key Lime. Bonus oversized flex/office room off the kitchen.

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 $395,634. 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 feet2,525
Property typeSingle Family
MLS #7044140
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)
$1,969/mo
Source est. payment (PITI)
$2,431/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$395,634

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

$0$395,634
Additional funds needed$0

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