Properties / 2241 W SAVAGE Circle
VA ASSUMABLERate: 6.5%

2241 W SAVAGE Circle

$270,000
Show Low, AZ 85901
2 beds1 baths1,044 sqftSingle Family
The assumable advantage
6.5%
VA assumed rate
$23,310 interest already paid off
Estimated Loan Balance$213,615
Cash to close$56,600
Est. Monthly PITI$1,529
Initial Loan Amount$217,100
Time on site50 days
Remaining Term28 years, 5 months
Seller's equity (what you pay)
$56,385
Cash or secondary financing
Monthly savings
$217
Versus today's market rate
Est. savings per year
$3K
Versus today's market rate

About this home

Escape to the cool pines and enjoy the perfect mountain retreat just minutes from Fool Hollow Lake. Surrounded by towering pine trees and the beauty of nature, this charming cabin offers the ideal blend of comfort and tranquility. Whether you're looking for a weekend getaway or a place to enjoy all four seasons, this property provides the perfect setting complete with an RV hookup featuring 50-amp service.

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 $56,385. 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
Bathrooms1
Square feet1,044
Property typeSingle Family
MLS #7049190
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)
$1,375/mo
Source est. payment (PITI)
$1,529/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$56,385

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

$0$56,385
Additional funds needed$0

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