Properties / 16216 N 54TH Street
VA ASSUMABLERate: 6.31%

16216 N 54TH Street

$1,293,500
Scottsdale, AZ 85254
5 beds3 baths2,952 sqftSingle Family
The assumable advantage
6.31%
VA assumed rate
$193,179 interest already paid off
Estimated Loan Balance$953,983
Cash to close$345,009
Est. Monthly PITI$6,723
Initial Loan Amount$985,000
Time on site50 days
Remaining Term26 years, 11 months
Seller's equity (what you pay)
$339,517
Cash or secondary financing
Monthly savings
$1,482
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Fall in love with this beautiful home with two primary suites! The lush landscape, inviting facade, RV gates, and 3-car garage are just the beginning! Great floorplan for entertaining and comfortable everyday living, featuring soft carpeting, tile in all the right places, and a soothing palette that makes every space feel warm and welcoming. Whip up feasts and quick bites in the impeccable kitchen, equipped with a charming drop ceiling with recessed lighting, oak cabinetry, ample counter space, stainless steel appliances, and an island with a breakfast bar. The primary bedroom offers a private exit, spacious sitting room and generous walk-in closet. .Just steps from Desert Horizon Park. Near Kierland shopping and restaurants

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 $339,517. 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 feet2,952
Property typeSingle Family
MLS #7012264
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)
$6,146/mo
Source est. payment (PITI)
$6,723/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$339,517

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

$0$339,517
Additional funds needed$0

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