The home is valued by Zillow at $499,000.

VA Assumable

The VA loan is assumable. The current balance is $386,000 as of 5/11/17 and reduces by $857 per month. The current interest rate is 2.25% and is adjustable with a 2% cap. The current P&I is $1,582 with the next increase in interest due in November.


A lease/purchase option is available. Terms are negotiated but basically, the down payment would be the difference between loan balance and appraised value.


There are no liens or secondary loans.

Taxes, Insurance and HOA Dues

County tax is $713 and subject to reduction for VA disability. Insurance is $193. Homeowner dues are $50 per month payable semi-annually. The have been no assessments and none are planned.