Properties / 16550 N Naegel Drive
VA ASSUMABLERate: 5.52%

16550 N Naegel Drive

$439,490
Surprise, AZ 85374
3 beds2 baths1,397 sqftSingle Family
The assumable advantage
5.52%
VA assumed rate
$97,016 interest already paid off
Estimated Loan Balance$418,806
Cash to close$21,874
Est. Monthly PITI$2,777
Initial Loan Amount$442,890
Time on site50 days
Remaining Term26 years
Seller's equity (what you pay)
$20,684
Cash or secondary financing
Monthly savings
$61
Versus today's market rate
Est. savings per year
$1K
Versus today's market rate

About this home

Assumable mortgage of 5.175%!! Welcome to this beautifully updated 3-bedroom, 2-bath home nestled on nearly a 1/3 acre lot in a quiet cul-de-sac within the desirable West Point Town Center community. This home offers the perfect blend of space, comfort, & modern upgrades. Step inside to find newly updated flooring throughout and a stunning kitchen featuring sleek quartz countertops, shaker cabinets, & ample storage-perfect for both everyday living and entertaining. The bathrooms have also been tastefully remodeled w/contemporary finishes, creating a fresh and inviting feel. Enjoy the expansive backyard w/ a huge extended patio-ideal for outdoor gatherings, relaxing evenings, or future customization. With its prime location, updated interior, & oversized lot, this home is a rare find you won't want to miss it!

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 $20,684. 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 feet1,397
Property typeSingle Family
MLS #7053066
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)
$2,531/mo
Source est. payment (PITI)
$2,777/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$20,684

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

$0$20,684
Additional funds needed$0

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