Properties / 779 E DORAL Avenue
VA ASSUMABLERate: 2.87%

779 E DORAL Avenue

$410,000
Gilbert, AZ 85297
3 beds3 baths1,422 sqftSingle Family
The assumable advantage
2.87%
VA assumed rate
$48,664 interest already paid off
Estimated Loan Balance$320,918
Cash to close$90,522
Est. Monthly PITI$1,798
Initial Loan Amount$358,570
Time on site50 days
Remaining Term25 years, 1 month
Seller's equity (what you pay)
$89,082
Cash or secondary financing
Monthly savings
$921
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

Beautifully upgraded end-unit townhome in the sought-after Mosaic at Layton Lakes community. Built in 2021, this 3-bedroom, 2.5-bath residence offers 1,422 SF of stylish, low-maintenance living with smart home technology including WiFi connectivity and smart lock access. The open-concept floor plan features Luxury Vinyl Plank flooring, abundant natural light, rich wood cabinetry, granite countertops, and a spacious kitchen overlooking the living and dining areas. Upstairs offers a desirable split layout with a private primary suite featuring a walk-in closet, dual executive-height vanities, granite counters, and an upgraded tiled walk-in shower. Loft space, upstairs laundry, and attached 2-car garage add convenience. Enjoy community pool, spa, playgrounds, picnic areas, and walking paths.

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 $89,082. 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
Bathrooms3
Square feet1,422
Property typeSingle Family
MLS #7038319
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)
$1,497/mo
Source est. payment (PITI)
$1,798/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$89,082

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

$0$89,082
Additional funds needed$0

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