Properties / 3307 E KACHINA Drive
VA ASSUMABLERate: 2.88%

3307 E KACHINA Drive

$1,400,000
Phoenix, AZ 85044
4 beds3 baths4,087 sqftSingle Family
The assumable advantage
2.88%
VA assumed rate
$100,267 interest already paid off
Estimated Loan Balance$563,946
Cash to close$836,054
Est. Monthly PITI$3,632
Initial Loan Amount$646,100
Time on site10 days
Remaining Term24 years, 4 months
Seller's equity (what you pay)
$836,054
Cash or secondary financing
Monthly savings
$5,567
Versus today's market rate
Est. savings per year
$67K
Versus today's market rate

About this home

For the first time since 1995, Kachina Drive is on the market. Built in 1991 and set on nearly half an acre in Ahwatukee Custom Estates, this 4,000+ square-foot custom residence stands apart with its distinctive contemporary architecture, dramatic two-story entry and unmistakable early-'90s design. Inside, generous living spaces and a unique two-story floor plan with an elevator offer a home that can be appreciated as it is, thoughtfully updated, or completely reimagined. Outside, a private pool, mature landscaping and expansive grounds create the sense of space that makes Custom Estates so special. A circular motor court and porte-cochère make a statement on arrival, while a three-car garage and rear RV gate add the space and functionality rarely found in today's newer communities. Ahwatukee Custom Estates is one of the area's most established custom-home neighborhoods, known for larger homesites, individually designed residences, mountain surroundings and its equestrian roots. South Mountain Preserve and miles of hiking, biking and outdoor recreation are just minutes away, with convenient access to the rest of the Valley.

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 $836,054. 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
Bathrooms3
Square feet4,087
Property typeSingle Family
MLS #7074056
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)
$2,689/mo
Source est. payment (PITI)
$3,632/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$836,054

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

$0$836,054
Additional funds needed$0

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