Properties / 39608 N LOST LEGEND Drive
VA ASSUMABLERate: 2.74%

39608 N LOST LEGEND Drive

$615,000
Phoenix, AZ 85086
5 beds3 baths2,968 sqftSingle Family
The assumable advantage
2.74%
VA assumed rate
$66,350 interest already paid off
Estimated Loan Balance$412,067
Cash to close$204,878
Est. Monthly PITI$2,375
Initial Loan Amount$469,000
Time on site43 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$202,933
Cash or secondary financing
Monthly savings
$1,701
Versus today's market rate
Est. savings per year
$20K
Versus today's market rate

About this home

Welcome to this beautiful home in the highly sought-after community of Anthem in North Phoenix! This spacious home offers 5 bedrooms, 3 bathrooms, and a 3-car garage with a functional floor plan designed for comfortable living. The thoughtfully designed layout features the primary suite and a guest bedroom on the main level, perfect for guests or multigenerational living. Enjoy your private backyard oasis with a sparkling pool, while owned solar helps keep energy costs low. Generous storage, including oversized closets, provides plenty of room for organization. Ideally located near parks, top-rated schools, shopping, dining, and community amenities, this home truly has it all.

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 $202,933. 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

Bedrooms5
Bathrooms3
Square feet2,968
Property typeSingle Family
MLS #7060154
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)
$1,926/mo
Source est. payment (PITI)
$2,375/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$202,933

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

$0$202,933
Additional funds needed$0

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