Properties / 7841 E MCDOWELL Road E
VA ASSUMABLERate: 2.83%

7841 E MCDOWELL Road E

$1,159,000
Mesa, AZ 85207
5 beds3 baths2,938 sqftSingle Family
The assumable advantage
2.83%
VA assumed rate
$95,888 interest already paid off
Estimated Loan Balance$585,082
Cash to close$584,603
Est. Monthly PITI$3,253
Initial Loan Amount$655,658
Time on site50 days
Remaining Term24 years, 6 months
Seller's equity (what you pay)
$573,918
Cash or secondary financing
Monthly savings
$4,074
Versus today's market rate
Est. savings per year
$49K
Versus today's market rate

About this home

**BACK ON THE MARKET - FINANCING FELL THROUGH** Rare find in NE Mesa. Over an acre with no HOA. Beautiful custom home, boasting 5 bedrooms (one could be an office) and 3 baths, gourmet kitchen and a 4 car garage. Solid alder wood doors, wrought iron light fixtures, coffered ceilings, niches, 14ft ceilings and so much more. The back opens up to an outdoor oasis with newly built pool, new hot tub and pavers throughout as well as an extended covered patio. New A/C , new roof and newly painted interior. This is a must see!

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 $573,918. 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 feet2,938
Property typeSingle Family
MLS #6963282
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)
$2,761/mo
Source est. payment (PITI)
$3,253/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$573,918

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

$0$573,918
Additional funds needed$0

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