Properties / 2434 N 120TH Drive
VA ASSUMABLERate: 6.72%

2434 N 120TH Drive

$430,000
Avondale, AZ 85392
5 beds3 baths3,150 sqftSingle Family
The assumable advantage
6.72%
VA assumed rate
$35,985 interest already paid off
Estimated Loan Balance$457,132
Cash to close$0
Est. Monthly PITI$3,309
Initial Loan Amount$461,655
Time on site35 days
Remaining Term28 years, 11 months
Seller's equity (what you pay)
$0
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

What a wonderful home you are about to own! This is a huge property at over 3100 sq. ft. and has so much to offer. 2 levels with full bedroom & bathroom downstairs. Laundry is upstairs with the other bedrooms. Downstairs there is tile flooring in all the main living & walking areas and separate living & family rooms. Your new kitchen has granite countertops, upgraded cabinets with lots of storage space, island with breakfast bar, and recessed lighting. All the bedrooms are good sized and the primary bed has a huge balcony where you can relax and enjoy the view. The backyard has a covered patio and a clean slate to landscape however you can imagine. Don't miss out on this rare opportunity. Welcome to your new home!

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 $0. 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 feet3,150
Property typeSingle Family
MLS #7063824
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)
$2,991/mo
Source est. payment (PITI)
$3,309/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.