Properties / 3119 W COCHISE Drive
VA ASSUMABLERate: 2.87%

3119 W COCHISE Drive

$170,900
Phoenix, AZ 85051
2 beds2 baths969 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$20,860 interest already paid off
Estimated Loan Balance$58,123
Cash to close$113,288
Est. Monthly PITI$587
Initial Loan Amount$84,339
Time on site50 days
Remaining Term14 years, 11 months
Seller's equity (what you pay)
$112,777
Cash or secondary financing
Monthly savings
$608
Versus today's market rate
Est. savings per year
$7K
Versus today's market rate

About this home

Move-In Ready Remodeled Condo in North Phoenix! Welcome to 3119 W Cochise Dr, Unit 149, a beautifully updated ground-level condo featuring modern finishes and an open, inviting layout. The remodeled kitchen offers updated cabinetry, sleek countertops, and stainless-steel appliances, while the refreshed bathroom and updated flooring add contemporary style throughout. Enjoy a spacious bedroom, private patio, in-unit laundry, and assigned parking. Located in a well-maintained community with desirable amenities, this home is just minutes from shopping, dining, parks, and major freeways for easy commuting. Perfect for a primary residence, seasonal retreat, or investment opportunity. Turnkey and ready for its next owner!

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 $112,777. 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

Bedrooms2
Bathrooms2
Square feet969
Property typeSingle Family
MLS #7044543
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)
$400/mo
Source est. payment (PITI)
$587/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$112,777

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

$0$112,777
Additional funds needed$0

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