Properties / 31615 N 66TH Street
VA ASSUMABLERate: 2.87%

31615 N 66TH Street

$825,000
Cave Creek, AZ 85331
3 beds2 baths2,346 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$73,709 interest already paid off
Estimated Loan Balance$486,075
Cash to close$341,106
Est. Monthly PITI$2,617
Initial Loan Amount$543,105
Time on site49 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$338,925
Cash or secondary financing
Monthly savings
$2,598
Versus today's market rate
Est. savings per year
$31K
Versus today's market rate

About this home

NO HOA, JUST OVER AN ACRE IN A COUNTY ISLAND & ENDLESS POTENTIAL! Set on a fenced 1+ acre lot, this Santa Fe-style home offers space, privacy & the opportunity to make it your own in a serene setting surrounded by mountain views, mature desert landscaping & eucalyptus trees. The spacious floor plan features a front living room anchored by a fireplace, with a charming barn door leading to the family room. The open family room connects seamlessly to the kitchen, showcasing slab granite countertops, a huge center island, pantry, under-cabinet lighting & a large bay window dining area. The split primary suite includes a walk-in closet & ensuite with a separate tub & walk-in shower. Secondary bedrooms are generously sized, including one with a walk-in closet. The oversized laundry room offers extensive cabinetry, a utility sink, built-in desk & mini fridge, while the garage is complete with a workbench, sink & attached cabinetry. An extended front porch provides the perfect place to enjoy the peaceful desert surroundings. The expansive backyard offers a covered patio with ceiling fans, an extended open-air paver patio, fenced courtyard, side yard walkway, additional storage & endless room to personalize, keep horses, park RVs or store trucks & toys. Experience the space & flexibility of acre-plus living with convenient access to Cave Creek's dining, shopping, golf, hiking & biking trails.

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 $338,925. 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 feet2,346
Property typeSingle Family
MLS #7049224
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)
$2,267/mo
Source est. payment (PITI)
$2,617/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$338,925

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

$0$338,925
Additional funds needed$0

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