Properties / 2027 E University Drive
VA ASSUMABLERate: 4.17%

2027 E University Drive

$389,900
Tempe, AZ 85288
2 beds3 baths1,300 sqftSingle Family
The assumable advantage
4.17%
VA assumed rate
$63,045 interest already paid off
Estimated Loan Balance$336,177
Cash to close$55,525
Est. Monthly PITI$2,063
Initial Loan Amount$362,600
Time on site50 days
Remaining Term25 years, 8 months
Seller's equity (what you pay)
$53,723
Cash or secondary financing
Monthly savings
$519
Versus today's market rate
Est. savings per year
$6K
Versus today's market rate

About this home

Fall in love with this move-in-ready townhome in a gated community! Enter to find an inviting living & dining room featuring new tile flooring (2024), tall vaulted ceilings, warm paint tones throughout, creating a bright and welcoming atmosphere. Kitchen is equipped with SS appliances, plenty of cabinets, and a two-tier breakfast bar and pantry. Upstairs, you'll discover a cozy loft that provides incredible flexibility as an office, reading nook, or additional lounge zone along with two bedrooms, two full bathrooms & full size laundry. The primary bedroom offers new carpet (June 2026), a private bathroom w/ dual sinks, separate tub & shower and a large walk-in closet. Venture to the back patio where you can enjoy your own private space. Located close to Tempe Marketplace, ASU, Tempe Town Lakes, 202 freeway, and much more. The townhomes is a rare find with all it 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 $53,723. 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
Bathrooms3
Square feet1,300
Property typeSingle Family
MLS #7047750
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)
$1,780/mo
Source est. payment (PITI)
$2,063/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$53,723

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

$0$53,723
Additional funds needed$0

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