Properties / 216 E AERO Drive
VA ASSUMABLERate: 6.74%

216 E AERO Drive

$365,000
Payson, AZ 85541
3 beds2 baths1,344 sqftSingle Family
The assumable advantage
6.74%
VA assumed rate
$26,113 interest already paid off
Estimated Loan Balance$332,247
Cash to close$34,566
Est. Monthly PITI$2,357
Initial Loan Amount$334,000
Time on site50 days
Remaining Term28 years, 11 months
Seller's equity (what you pay)
$32,753
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

Offering quality construction, thoughtful design, and modern efficiency, this 1,344-square-foot, ground-set, all-electric home combines comfort with contemporary style. Featuring three bedrooms and two bathrooms, the spacious open-concept layout is enhanced by 9-foot flat ceilings. The primary suite offers a walk-in closet and private bath, while the main living area is designed for comfort and function. This eBuilt-certified home includes energy-efficient features like LED lighting, low-E argon windows. The kitchen is finished with stainless steel appliances. Outside, the backyard is fully equipped with a new fence, a gazebo for outdoor living, and a convenient RV gate.

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 $32,753. 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 feet1,344
Property typeSingle Family
MLS #7002953
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)
$2,178/mo
Source est. payment (PITI)
$2,357/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$32,753

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

$0$32,753
Additional funds needed$0

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