Properties / 628 E BOCA RATON Road
VA ASSUMABLERate: 3.1%

628 E BOCA RATON Road

$475,000
Phoenix, AZ 85022
3 beds2 baths1,340 sqftSingle Family
The assumable advantage
3.1%
VA assumed rate
$65,884 interest already paid off
Estimated Loan Balance$442,208
Cash to close$34,668
Est. Monthly PITI$2,417
Initial Loan Amount$486,920
Time on site50 days
Remaining Term25 years, 6 months
Seller's equity (what you pay)
$32,792
Cash or secondary financing
Monthly savings
$708
Versus today's market rate
Est. savings per year
$8K
Versus today's market rate

About this home

Serene Del Trailor Retreat with Mountain Views! Nestled on nearly a third of an acre in the highly sought-after Hillcrest East community, this charming Del Trailor built home boasts breathtaking mountain views and an expansive, private backyard. With no interior steps, this single-level sanctuary offers an effortless flowing layout featuring 2 bedrooms, 2 baths, and a versatile den/office. Cozy up by the fireplace in the inviting family room, or enjoy morning coffee in the sunny breakfast nook. The primary suite offers a private bath and a convenient separate exit to your outdoor patio. Complete with energy-efficient dual-pane windows, beautiful tile flooring throughout, a 2-car garage, and access to a sparkling heated pool. All special assessments from the HOA have been paid in full...

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 $32,792. 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 feet1,340
Property typeSingle Family
MLS #7049688
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)
$2,093/mo
Source est. payment (PITI)
$2,417/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$32,792

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

$0$32,792
Additional funds needed$0

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