Properties / 2051 E KAEL Circle
VA ASSUMABLERate: 6.88%

2051 E KAEL Circle

$889,000
Mesa, AZ 85213
3 beds3 baths2,692 sqftSingle Family
The assumable advantage
6.88%
VA assumed rate
$91,052 interest already paid off
Estimated Loan Balance$604,304
Cash to close$284,696
Est. Monthly PITI$4,485
Initial Loan Amount$617,600
Time on site21 days
Remaining Term27 years, 11 months
Seller's equity (what you pay)
$284,696
Cash or secondary financing
Monthly savings
$1,180
Versus today's market rate
Est. savings per year
$14K
Versus today's market rate

About this home

EXTENSIVELY REMODELED POOL HOME WITH RV PARKING & NO HOA! Welcome to Orange Blossom Estates, where distinctive architecture meets modern updates in this 3-bedroom, 2.5-bath home offering approximately 2,692 sq ft on a quiet cul-de-sac lot. Step inside to a dramatic two-story entry, updated staircase, wood-look tile flooring, contemporary black-and-white finishes and multiple living and entertaining spaces. The remodeled kitchen features dark cabinetry, stone countertops, subway-tile backsplash and stainless appliances. Two striking stone fireplaces add character, including a dining and entertaining area with built-in bar, shelving and beverage refrigeration. The spacious downstairs primary suite offers private exterior access, a large walk-in closet and a beautifully remodeled spa-inspired bath with dual vanities, oversized jetted tub, frameless glass shower and designer tile. Upstairs you'll find two additional bedrooms, a versatile loft/flex space, full bath and access to a full-width balcony overlooking the backyard and pool. Outside, enjoy a private diving pool, covered patio, grass area, RV gate and parking, abundant driveway space and room to enjoy Arizona outdoor living. Major improvements include a tile roof and two A/C units replaced in 2022, per seller. Add a 2-car garage and NO HOA for a rare combination of style, space, flexibility and location.

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 $284,696. 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 feet2,692
Property typeSingle Family
MLS #7069371
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)
$4,063/mo
Source est. payment (PITI)
$4,485/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$284,696

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

$0$284,696
Additional funds needed$0

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