Properties / 1531 Rim View Drive
VA ASSUMABLERate: 3.38%

1531 Rim View Drive

$515,000
Page, AZ 86040
3 beds3 baths2,054 sqftSingle Family
The assumable advantage
3.38%
VA assumed rate
$116,905 interest already paid off
Estimated Loan Balance$204,004
Cash to close$316,230
Est. Monthly PITI$1,645
Initial Loan Amount$297,500
Time on site50 days
Remaining Term16 years, 4 months
Seller's equity (what you pay)
$310,996
Cash or secondary financing
Monthly savings
$1,681
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Charming 2 Story Home w/ Mature Trees and Landscaping on an Extra Large lot with a 2 Car Garage and RV / Boat Parking for all the toys. Home Has 2054 Square Feet in the Main Living Area and an 1179 Square Foot Basement. There are 3 Bedrooms and 3 Baths, A Separate Living Room with Vaulted Ceilings, Huge Windows & Pellet Stove. Formal Dining Room, Cozy Family Room/ Den Beautiful Eat-in Kitchen overlooks the Grass Backyard. Kitchen has Granite Countertops, Gas range, Breakfast Bar with Refrigerator included. Desk area next to Kitchen and Family Room. Master Bedroom upstairs has an office connected and 2 closets , Master bath has a dual sink vanity, an oval jetted tub and a separate shower. The Basement has a Game Room, Workout Room (pool table stays) and storage room.

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 $310,996. 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
Bathrooms3
Square feet2,054
Property typeSingle Family
MLS #6973979
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)
$1,356/mo
Source est. payment (PITI)
$1,645/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$310,996

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

$0$310,996
Additional funds needed$0

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