Properties / 40587 N SPOTTED Lane
VA ASSUMABLERate: 4.17%

40587 N SPOTTED Lane

$659,000
San Tan Valley, AZ 85140
4 beds4 baths2,905 sqftSingle Family
The assumable advantage
4.17%
VA assumed rate
$98,608 interest already paid off
Estimated Loan Balance$532,270
Cash to close$135,069
Est. Monthly PITI$3,238
Initial Loan Amount$567,134
Time on site50 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$126,730
Cash or secondary financing
Monthly savings
$1,073
Versus today's market rate
Est. savings per year
$13K
Versus today's market rate

About this home

Beautiful Paloma Ranch home on a huge lot! This 4-bedroom + den, 3.5-bath home offers 2,905 SqFt of modern living with a spacious great room design and split bedroom layout. The gourmet kitchen impresses with white cabinetry, granite counters, designer backsplash, stainless appliances, gas cooktop with hood, double ovens, butler's pantry, walk-in pantry, and a large island with breakfast bar. Enjoy indoor-outdoor living with sliding doors to a covered patio and expansive backyard featuring space to park toys, mountain views, and no rear neighbors! The primary suite offers patio access and a spa-inspired bath with dual vanities, oversized rain shower, freestanding tub, and huge walk-in closet. Secondary bedrooms include a Jack & Jill bath and private guest suite. Additional highlights: wood-look tile throughout (no carpet), RV gate & slab parking, oversized laundry, powder room, stone elevation, and 3-car tandem garage.

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 $126,730. 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
Bathrooms4
Square feet2,905
Property typeSingle Family
MLS #6945344
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)
$2,813/mo
Source est. payment (PITI)
$3,238/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$126,730

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

$0$126,730
Additional funds needed$0

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