Properties / 24 Black Knob View
VA ASSUMABLERate: 4.17%

24 Black Knob View

$330,000
Bisbee, AZ 85603
3 beds2 baths995 sqftSingle Family
The assumable advantage
4.17%
VA assumed rate
$32,477 interest already paid off
Estimated Loan Balance$174,097
Cash to close$157,439
Est. Monthly PITI$1,178
Initial Loan Amount$186,790
Time on site50 days
Remaining Term25 years, 9 months
Seller's equity (what you pay)
$155,903
Cash or secondary financing
Monthly savings
$1,026
Versus today's market rate
Est. savings per year
$12K
Versus today's market rate

About this home

1915 Craftsman bungalow in Warren. 995' ft main house with 2 bedrooms 1 full bath. A common courtyard is shared with a casita of 306' ft. Each house has it's own front entrance. So much to offer with this property. Main house has been remodeled, it's crisp, clean and welcoming. Newer roof and solar panels have been added. Solar panels are owned and stay with the house. Electric bills are minimal. The courtyard has a beautiful sycamore tree and views of the desert hills. A partial basement with concrete floor adds room for storage. The detached casita has a small living room, 1 bedroom, full bath and kitchen. A carport is attached to the casita. Lots of care has gone into maintaining this home. The location is walking distance to the Vista.

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 $155,903. 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 feet995
Property typeSingle Family
MLS #7013064
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)
$920/mo
Source est. payment (PITI)
$1,178/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$155,903

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

$0$155,903
Additional funds needed$0

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