Properties / 1053 N Esther Parkway
VA ASSUMABLERate: 3.62%

1053 N Esther Parkway

$615,000
Camp Verde, AZ 86322
3 beds2 baths1,501 sqftSingle Family
The assumable advantage
3.62%
VA assumed rate
$60,275 interest already paid off
Estimated Loan Balance$239,330
Cash to close$377,251
Est. Monthly PITI$1,566
Initial Loan Amount$273,718
Time on site50 days
Remaining Term23 years, 7 months
Seller's equity (what you pay)
$375,670
Cash or secondary financing
Monthly savings
$2,368
Versus today's market rate
Est. savings per year
$28K
Versus today's market rate

About this home

3 bedroom 2 bathroom home situated on a fully fenced and crossed fenced 1.75 acre lot. Automatic gated access on both sides of the property for easy trailer and RV Access. Automatic irrigation system in place to keep the grazing pasture, lush landscaping and separately fenced orchard watered from the private well. Enjoy the views while relaxing on the front or back covered patio, in the hot tub, next to the pond the choice is yours. There is a 2 stall covered corral, sand round pen, hay shed, and corral panels all included. Inside you will enjoy the tile floor throughout the home, an upgraded kitchen with Granite Counters and SS appliances, a cozy fireplace with river rock front, new washer/dryer combo. Leased solar, to keep your bills low, AC/heat is just 2 years old! No HOA, RV Pad!

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 $375,670. 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 feet1,501
Property typeSingle Family
MLS #7036757
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)
$1,259/mo
Source est. payment (PITI)
$1,566/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$375,670

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

$0$375,670
Additional funds needed$0

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