Properties / 3096 Montana Drive
VA ASSUMABLERate: 4.67%

3096 Montana Drive

$630,000
Prescott, AZ 86301
3 beds2 baths1,777 sqftSingle Family
The assumable advantage
4.67%
VA assumed rate
$104,275 interest already paid off
Estimated Loan Balance$506,494
Cash to close$124,346
Est. Monthly PITI$3,074
Initial Loan Amount$543,900
Time on site20 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$123,506
Cash or secondary financing
Monthly savings
$895
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Incredible Mountain Views in Prescott! This well-maintained 3-bedroom, 2-bath home offers 1,777 sq ft of comfortable living space on a generous 0.23-acre lot. Enjoy the beauty of Prescott through every season, from mild summers to snowy winter days and the colorful changing trees throughout the neighborhood. The backyard offers panoramic view and a peaceful setting to relax and enjoy the surrounding scenery. Inside, you'll find new flooring, updated appliances, a gas stove, and the added peace of mind of a new roof, replaced in 2022. Ideally located near grocery stores, shopping, dining, and historic downtown Prescott, while still tucked away in a peaceful neighborhood. A wonderful opportunity to enjoy the space, character, and lifestyle Prescott has to offer!

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 $123,506. 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 feet1,777
Property typeSingle Family
MLS #7069970
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)
$2,820/mo
Source est. payment (PITI)
$3,074/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$123,506

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

$0$123,506
Additional funds needed$0

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