405 S 114TH Avenue, Avondale, AZ 85323
Avondale, AZ 85323
This 4 bed, 3 bath single-family home, built in 2006, at 405 S 114TH Avenue in Avondale, AZ 85323 is listed at $520,000 with a VA loan at 2.87% and $298,933 remaining. The listing is published by UMe and was last confirmed on October 19, 2026.
Property facts
- Asking price
- $520,000
- Bedrooms
- 4
- Bathrooms
- 3
- Square feet
- 2,479
- Year built
- 2006
- Type
- single-family home
- First seen
- October 19, 2026
- Last confirmed
- October 19, 2026
The assumable loan
- Interest rate
- 2.87%
- Remaining balance
- $298,933
- Loan type
- VA
Estimated gap between price and loan balance: $221,067. In an assumption this amount is covered with cash or other financing, on top of closing costs. How much cash an assumption needs
Estimated monthly principal and interest
| Assuming this loan at 2.87% | $1,397 |
| Same balance as a new loan at 7.4% | $2,190 |
| Difference each month | $792 lower |
Over 25 years that difference adds up to about $237,671. These figures assume 25 years remaining and a 7.4% comparison rate, because the source did not publish the remaining term. They cover principal and interest only, not taxes, insurance, HOA dues, or mortgage insurance.
Run these numbers in the calculator with this listing's balance, rate, and asking price filled in.
What assuming a VA loan involves
A VA loan can be assumed by a buyer who does not have military service, as long as the loan servicer approves them. The servicer reviews credit, income and debts in much the same way a new lender would, and the review usually takes several weeks.
The buyer takes over the existing balance at the existing rate. The difference between the asking price and that balance is paid with cash or a second loan, which is why a listing with a large gap can be harder to assume than the rate alone suggests.
The seller's VA entitlement stays tied to the loan unless the buyer is an eligible veteran who substitutes their own. That matters to the seller, and it can affect how open they are to a non-veteran assumption.
A funding fee of 0.5 percent of the loan balance normally applies to the buyer, with exemptions for certain disability ratings.
Local guide
VA Assumable Homes in Phoenix, AZLuke Air Force Base, a large retiree population, a 60 percent price run-up, and an Arizona tax system that does not reset when a home changes hands.
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Educational information only. This article is general information about how mortgage assumptions work, it is not financial, legal, lending, or tax advice. Loan terms, fees, and rules vary by lender, loan servicer, and state, and can change over time. Confirm the specifics of your situation with the appropriate licensed professionals.