Properties / 7780 W BONITOS Drive
VA ASSUMABLERate: 6.94%

7780 W BONITOS Drive

$318,000
Phoenix, AZ 85035
3 beds4 baths1,383 sqftSingle Family
The assumable advantage
6.94%
VA assumed rate
$80,868 interest already paid off
Estimated Loan Balance$304,232
Cash to close$14,105
Est. Monthly PITI$2,387
Initial Loan Amount$317,027
Time on site16 days
Remaining Term26 years, 3 months
Seller's equity (what you pay)
$13,768
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

This inviting well=maintained property offers a comfortable blend of space, functionality, and convenience. For added convenience, the FIRST FLOOR features a full-sized bedroom and full bathroom, ideal for guests, family members, or flexible living arrangements. The second level is perfectly spacious for entertaining with the main living and kitchen. Enjoy a desirable Phoenix location with easy access to shopping, dining, entertainment, parks, and major roadways. The property is directly across from a park and one of the community's two refreshing pools, making outdoor recreation and relaxation just steps away. Whether relaxing at home or hosting guests, this property offers a welcoming space to make your own. Don't miss the opportunity to see all it has to offer!

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 $13,768. 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
Bathrooms4
Square feet1,383
Property typeSingle Family
MLS #7071380
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)
$2,101/mo
Source est. payment (PITI)
$2,387/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$13,768

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

$0$13,768
Additional funds needed$0

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