Properties / 2213 N 87TH Way
VA ASSUMABLERate: 2.65%

2213 N 87TH Way

$699,900
Scottsdale, AZ 85257
4 beds2 baths1,648 sqftSingle Family
The assumable advantage
2.65%
VA assumed rate
$50,244 interest already paid off
Estimated Loan Balance$312,793
Cash to close$389,362
Est. Monthly PITI$1,775
Initial Loan Amount$357,500
Time on site50 days
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$387,107
Cash or secondary financing
Monthly savings
$2,673
Versus today's market rate
Est. savings per year
$32K
Versus today's market rate

About this home

Beautifully updated South Scottsdale home featuring a stunning remodeled kitchen with white shaker cabinets, quartz countertops, farmhouse sink, stainless steel appliances, designer backsplash, and oversized island with beverage fridge. Open-concept floor plan offers bright living spaces perfect for entertaining. Enjoy a private front courtyard, mature palm trees, and spacious backyard. Ideally located near Old Town Scottsdale, ASU, Tempe Marketplace, Sky Harbor Airport, dining, shopping, golf, and major freeways. Move-in ready and packed with style!

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 $387,107. 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 feet1,648
Property typeSingle Family
MLS #7028720
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)
$1,455/mo
Source est. payment (PITI)
$1,775/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$387,107

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

$0$387,107
Additional funds needed$0

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