ResidentialAssumable loan
1290 Mesa Verde Dr
Phoenix, AZ
Assumable VA loan at 2.75% — buyer covers the equity gap. Lender-qualified buyers only.
Proposed term sheet
Purchase price$365,000
Down / option fee$58,000 (15.9%)
Monthly payment$1,610 / mo
Term27-yr assumed
Annual Percentage Rate2.75% VA assumable
What this deal means for you
Cash to the sellerThat's 15.9% of the price. A conventional lender would typically want around $73,000.
$58,000
Your monthly paymentAs proposed by the seller. Confirm what taxes and insurance are included.
$1,610/mo
You take over the existing loanThe rate and remaining term come from the seller's original note. The lender must approve you before the assumption closes.
27-yr assumed
Assumption: assuming an FHA, VA, or USDA loan requires lender approval and buyer qualification; terms are set by the existing note.
Equal Housing Opportunity. All terms are non-binding proposals until definitive agreements are signed; verify everything with a licensed attorney and use third-party escrow/servicing where required.
Posted by Dana Whitfield (AGENT · Bitterroot Realty · ID lic. #SP-38211)