Properties / 3131 W COCHISE Drive
VA ASSUMABLERate: 5.22%

3131 W COCHISE Drive

$129,900
Phoenix, AZ 85051
1 beds1 baths728 sqftSingle Family
The assumable advantage
5.22%
VA assumed rate
$33,771 interest already paid off
Estimated Loan Balance$161,220
Cash to close$0
Est. Monthly PITI$1,117
Initial Loan Amount$170,000
Time on site50 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$0
Cash or secondary financing
Monthly savings
$0
Versus today's market rate
Est. savings per year
$0K
Versus today's market rate

About this home

BANK APPROVED SHORT SALE PRICE!! This lovely apartment is the one for you! Discover all the charm of the sizable living spaces ready to bring you joy, featuring wood-look flooring, abundant natural light, and a neutral palette throughout. The galley-style kitchen boasts ample cabinetry, tile backsplash, solid-surface counters, and built-in appliances for a seamless cooking experience. This gem features 1 bedroom and 1 bathroom, making it ideal for those looking for comfortable and easy-maintenance living. The balcony is the perfect spot for morning coffee and peaceful evenings. Don't forget to visit the community's pool and spa for a refreshing time! Welcome home!

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 $0. 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

Bedrooms1
Bathrooms1
Square feet728
Property typeSingle Family
MLS #7014901
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)
$943/mo
Source est. payment (PITI)
$1,117/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

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

Confirm the current loan balance and equity requirement with an agent before estimating cash needed.