Properties / 15582 W CORTEZ Street
VA ASSUMABLERate: 5.22%

15582 W CORTEZ Street

$605,000
Surprise, AZ 85379
4 beds4 baths3,950 sqftSingle Family
The assumable advantage
5.22%
VA assumed rate
$94,332 interest already paid off
Estimated Loan Balance$457,116
Cash to close$147,884
Est. Monthly PITI$3,030
Initial Loan Amount$484,848
Time on site3 days
Remaining Term26 years, 2 months
Seller's equity (what you pay)
$147,884
Cash or secondary financing
Monthly savings
$896
Versus today's market rate
Est. savings per year
$11K
Versus today's market rate

About this home

A spectacular home offering 3950 square feet of living space, a 3-car garage, 4 bedrooms, a multi-functional loft, and a den with its own private area, perfect for a 5th bedroom, office or home theater! An open concept kitchen features an oversized island, granite countertops, plenty of cabinetry for storage, and stainless-steel appliances. The upper level showcases an expansive primary suite featuring a private sitting room, ideal for rest and relaxation, a large primary bath, and walk in closet. To top it off, there is an upstairs laundry that creates a streamlined daily living experience. The spacious family room serves as a central location making gatherings a hit!! With upgraded ceiling fans and Tesla solar panels for energy savings, and a huge backyard, this is one home you must see!

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 $147,884. 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

Bedrooms4
Bathrooms4
Square feet3,950
Property typeSingle Family
MLS #7077129
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)
$2,672/mo
Source est. payment (PITI)
$3,030/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$147,884

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

$0$147,884
Additional funds needed$0

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