Properties / 324 N MONTEREY Court
VA ASSUMABLERate: 3.71%

324 N MONTEREY Court

$315,000
Casa Grande, AZ 85194
2 beds2 baths1,376 sqftSingle Family
The assumable advantage
3.71%
VA assumed rate
$64,385 interest already paid off
Estimated Loan Balance$145,741
Cash to close$169,259
Est. Monthly PITI$1,191
Initial Loan Amount$187,900
Time on site16 days
Remaining Term19 years, 9 months
Seller's equity (what you pay)
$169,259
Cash or secondary financing
Monthly savings
$990
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

Welcome to this beautifully updated, FURNISHED 2-bedroom, 2-bathroom home in the desirable Mission Royale Active Adult Community. From the fresh exterior paint to the thoughtfully designed interior, this home offers comfort, style, and easy Arizona living. Inside, you'll find custom two-tone paint, 20-inch diagonal tile, upgraded baseboards, and newly replaced carpet. The inviting kitchen features staggered cabinetry, granite countertops, and a Whirlpool stainless steel appliance package, complemented by recessed and pendant lighting. The spacious primary suite offers a bay window and ceiling fan, while the en-suite bathroom features raised dual-sink vanities. The guest suite includes a convenient Murphy bed and ceiling fan, making it ideal for guests or flexible living space. A well-appointed laundry room with cabinets adds valuable storage and functionality. Step outside to enjoy the East facing back yard featuring lush landscaping creating a beautiful private space. Complete with an extended patio, pergola, cool decking, and turf, the back yard is perfect for relaxing or entertaining year-round. The home also features an extended garage and a recently updated water heater. Right in Mission Royale, you will enjoy all of the perks this community has to offer including Golf, Club house, rec center, community pool, resident activities and so much more!

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 $169,259. 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 feet1,376
Property typeSingle Family
MLS #7071547
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)
$868/mo
Source est. payment (PITI)
$1,191/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$169,259

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

$0$169,259
Additional funds needed$0

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