Properties / 16385 W MCKINLEY Street
VA ASSUMABLERate: 2.81%

16385 W MCKINLEY Street

$620,000
Goodyear, AZ 85338
5 beds3 baths3,518 sqftSingle Family
The assumable advantage
2.81%
VA assumed rate
$43,686 interest already paid off
Estimated Loan Balance$288,256
Cash to close$332,402
Est. Monthly PITI$1,710
Initial Loan Amount$323,876
Time on site46 days
Remaining Term25 years
Seller's equity (what you pay)
$331,744
Cash or secondary financing
Monthly savings
$2,317
Versus today's market rate
Est. savings per year
$28K
Versus today's market rate

About this home

Spacious, energy-efficient, and designed to impress! Live in style without the luxury price tag! This 2-story home offers 5 beds, 3 baths, and an impressive 3,518 sqft of living space. A grand staircase, soaring vaulted ceilings, large windows with exterior solar screens, plantation shutters, and warm designer tones create a bright and inviting atmosphere. The spacious kitchen features NEW stainless steel appliances a center island, breakfast nook and a formal dining area. Upstairs, the generous primary suite offers a walk-in closet and private en-suite bath with a relaxing Jacuzzi garden tub. Energy-conscious buyers will appreciate the owned solar system, enhanced with a solar conditioner designed to maximize daily amperage usage and help minimize electricity costs. Step outside to a backyard built for Arizona living, complete with a large covered patio overlooking a sparkling fenced pool, above-ground spa, paver surrounds, and low-maintenance artificial turf.

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 $331,744. 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

Bedrooms5
Bathrooms3
Square feet3,518
Property typeSingle Family
MLS #7059127
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)
$1,339/mo
Source est. payment (PITI)
$1,710/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$331,744

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

$0$331,744
Additional funds needed$0

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