Properties / 3868 E CLAXTON Avenue
VA ASSUMABLERate: 3.95%

3868 E CLAXTON Avenue

$570,000
Gilbert, AZ 85297
5 beds3 baths2,523 sqftSingle Family
The assumable advantage
3.95%
VA assumed rate
$93,355 interest already paid off
Estimated Loan Balance$131,026
Cash to close$439,956
Est. Monthly PITI$1,255
Initial Loan Amount$194,237
Time on site50 days
Remaining Term15 years, 9 months
Seller's equity (what you pay)
$438,974
Cash or secondary financing
Monthly savings
$2,429
Versus today's market rate
Est. savings per year
$29K
Versus today's market rate

About this home

Beautifully updated home in the desirable Power Ranch community! This move-in-ready home features a Pelican salt-free water softener, reverse osmosis system, new flooring, countertops, water heater, range, microwave, dishwasher, garbage disposal, new blinds throughout, and two new front windows. HVAC evaporator coils have been replaced, garage door opener is approximately 2 years old, and washer/dryer sta!. Relax in the backyard with a pergola featuring a new cover, automatic drip irrigation system, and included patio furniture. Exterior has been painted with two coats and includes a transferable 4-year warranty. Enjoy all that Power Ranch has to offer, including parks, walking trails, community pools and spa, and nearby shopping and dining. move-in-ready home offers modern finishes, quality improvements, and exceptional value. Recent updates include new flooring, updated countertops, fresh interior appeal with new blinds throughout, and two new front windows. The kitchen has been refreshed with a new range, microwave, dishwasher, garbage disposal, and a reverse osmosis drinking water system. The washer and dryer are also included, making your move even easier. Additional improvements provide comfort and peace of mind, including a Pelican salt-free water softener, a new water heater, replaced evaporator coils for the HVAC system, and a garage door opener that is approximately two years old. Step outside to enjoy the inviting backyard, featuring a pergola with a new cover, an automatic drip irrigation system for the garden, and included patio furniture--perfect for relaxing or entertaining. The exterior has been professionally painted with two coats, and the transferable four-year warranty offers added confidence for the next owner. Located in the award-winning Power Ranch community, residents enjoy beautifully maintained common areas, parks, walking trails, community pools, and convenient access to shopping, dining, schools, and major commuter routes.

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 $438,974. 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

Bedrooms5
Bathrooms3
Square feet2,523
Property typeSingle Family
MLS #7052900
CountyMaricopa County
Assumable loanVA
Tour this home
In person or virtual.
Prefer virtual tour?
Free · No commitment · Typical reply in 15 min
Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
Call

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)
$932/mo
Source est. payment (PITI)
$1,255/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$438,974

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

$0$438,974
Additional funds needed$0

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