Properties / 2302 N CENTRAL Avenue
VA ASSUMABLERate: 3.67%

2302 N CENTRAL Avenue

$419,000
Phoenix, AZ 85004
3 beds2 baths1,716 sqftSingle Family
The assumable advantage
3.67%
VA assumed rate
$96,529 interest already paid off
Estimated Loan Balance$198,079
Cash to close$220,313
Est. Monthly PITI$1,623
Initial Loan Amount$265,000
Time on site0 days
Remaining Term18 years, 10 months
Seller's equity (what you pay)
$220,921
Cash or secondary financing
Monthly savings
$1,256
Versus today's market rate
Est. savings per year
$15K
Versus today's market rate

About this home

It's here! The most sought after floorplan at Tapestry. The 1,716 sq. ft. 3rd floor corner-unit has 3bd/2ba or den floorplan that seldom comes available! This unit is a true 3 bedroom which is rare at the community. It can easily be used as a den too. Gorgeous new luxury plank flooring in the living, kitchen and baths! The split floor plan offers a spacious primary retreat with walk-in closet, extra large soaking tub and double vanity sinks. It even has access to the large balcony. The large family room has a gas fireplace with beautiful feature wall. The chefs kitchen has newer refinished cabinets. Newer HVAC system too! Enjoy the city lights and views of Camelback Mountain from your north facing bedroom/den and large balcony. The light rail is just steps from your door too. This home features 2 underground parking spaces, secured entry, heated pool/spa, workout facility, clubhouse and more. There is even a Walgreen's pharmacy on the first floor along with a nail salon. So many conveniences come with this 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 $220,921. 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 feet1,716
Property typeSingle Family
MLS #7078925
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)
$1,215/mo
Source est. payment (PITI)
$1,623/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$220,921

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

$0$220,921
Additional funds needed$0

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