Properties / 400 S BRASSIE Drive
VA ASSUMABLERate: 3.73%

400 S BRASSIE Drive

$582,000
Payson, AZ 85541
3 beds2 baths2,068 sqftSingle Family
The assumable advantage
3.73%
VA assumed rate
$50,644 interest already paid off
Estimated Loan Balance$191,406
Cash to close$391,017
Est. Monthly PITI$1,462
Initial Loan Amount$220,327
Time on site21 days
Remaining Term23 years, 5 months
Seller's equity (what you pay)
$390,594
Cash or secondary financing
Monthly savings
$2,410
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

3-bedroom, 2-bathroom home ideally located near the Golf Course & Green Valley Park, in Payson. Spacious 2-car garage with a large workshop on the side. This home offers plenty of room for vehicles, storage, & RV parking. Large kitchen perfect for cooking & entertaining, with beautiful cabinetry, detailed countertops, newer appliances, and a BRAND NEW dishwasher and huge walk-in pantry with abundant storage throughout the home. Sunroom opens to living room and showcases beautiful mountain views. The cozy pellet stove provides warmth & ambiance during cooler months, while central heating and air conditioning ensure comfort in every season. With no HOA, this property offers both freedom and convenience. New Roof just installed July 2026 - Transferable! Make this wonderful home your own!

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 $390,594. 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
Bathrooms2
Square feet2,068
Property typeSingle Family
MLS #7069300
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)
$1,022/mo
Source est. payment (PITI)
$1,462/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$390,594

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

$0$390,594
Additional funds needed$0

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