VA
Active
38$525,000$152,369 equity gap
- Rate
- 2.67%
7.32%today- Payment
- $1,732/mo
$2,946today
- 5beds
- 4baths
- 3,176sqft
Montgomery, Minnesota
Assumable homes for salein Montgomery, Minnesota.
1 home in Montgomery carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.78%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Montgomery assumable market
by the numbers.
1active assumable listing
3.78%lowest locked rate
$350kmedian list price
$330saved per month vs. 7.2%
About the market
Assumable mortgagesin Montgomery, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Montgomery. Updated October 2026.
How assumptions work for buyersMontgomery, Minnesota has 1 home for sale with an assumable mortgage as of October 2026: 1 VA loan that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Montgomery assumable listings start at 3.78% with a median of 3.78%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Montgomery lists for $349,900, with a median of $256,968 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $651 a month versus $981 for the same balance at today's rate, roughly $330 kept every month and $3,961 a year. The most active Montgomery ZIP codes are 56069 (1).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Montgomery assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Montgomery
View all 1 on the map Homes on the marketin Montgomery.
FHA
Active
61$650,000$466,973 equity gap
- Rate
- 3.25%
7.32%today- Payment
- $1,200/mo
$1,894today
- 5beds
- 3baths
- 2,788sqft
20258 380th Street, Le Center
VA
Active
27$349,900$256,968 equity gap
- Rate
- 3.78%
7.32%today- Payment
- $651/mo
$962today
- 3beds
- 2baths
- 2,204sqft
1108 Ridge Drive, Montgomery
FHA
Active
31$399,900$23,713 equity gap
- Rate
- 7.12%
7.32%today- Payment
- $2,612/mo
$2,664today
- 5beds
- 3baths
- 2,347sqft
1315 English Avenue, New Prague
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Inventory snapshot
What’s in the mixin Montgomery.
Live counts from the MLS feeds we index for Minnesota. Updated October 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 3.78%
- Median rate
- 3.78%
- Median list price
- $349,900
- Median cash to assume
- $256,968
Montgomery listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Montgomery listings by loan type
- VA1 homemedian 3.78%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Montgomery ZIP code.
Each ZIP opens the Montgomery map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Montgomery numbers
What an assumable ratedoes to a Montgomery payment.
The sliders start at the median Montgomery assumable listing: $349,900 list price and a 3.78% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$255,000
73% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Montgomery
$480/mo
New loan at 7.20%$645
Assumed at 3.80%
$480
Every month$165
Over five years$9,908
Interest you never pay$82,47226-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Montgomery listing on UMe shows the actual balance, rate, and payment.
How it works in Montgomery
How to assumea mortgage in Montgomery.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Montgomery home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Montgomery map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $256,968 in Montgomery today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Montgomery payment written in a different decade.
Montgomery questions
Assuming a mortgagein Montgomery.
The numbers below come from current Montgomery inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Montgomery?
As of October 2026, UMe tracks 1 active assumable listing in Montgomery. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Montgomery?
Current Montgomery inventory breaks down as VA (1, median 3.78%). FHA, VA, and USDA mortgages are assumable by law, which is why they make up nearly all assumable listings. Conventional loans usually carry a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan, though the seller's entitlement stays tied up unless you substitute your own.
What is the lowest assumable mortgage rate in Montgomery?
The lowest rate on an active Montgomery assumable listing is 3.78%, and the median across all 1 listing is 3.78%. 1 listing is under 4% and 1 is under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Montgomery?
Across current Montgomery listings, the median principal-and-interest payment on the assumable loan is $651 per month versus $981 for the same balance at today's rates, a difference of about $330 every month, or $3,961 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.
How much money do I need to assume a home in Montgomery?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Montgomery that gap is currently a median of $256,968 on a median list price of $349,900. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which Montgomery ZIP codes have the most assumable homes?
The Montgomery ZIP codes with the most active assumable listings are 56069 (1). Use the map to draw your own boundary or filter by rate, payment, and down payment inside any of them.
How long does a mortgage assumption take in Montgomery?
Most FHA and VA assumptions close in 45 to 90 days. The loan servicer, not a new lender, underwrites you, and servicer turnaround is the main variable. UMe tracks the file with the servicer and the listing agent so nothing stalls, and every listing shows whether the assumption has already been confirmed with the seller's side.
Nearby markets
All of Minnesota More assumable homesin Minnesota.
Ready when you are
Stop overpaying for Montgomery.The rate is already on the house.
Every listing on the Montgomery map has a rate you can take over. Start with the ones in Montgomery, get pre-qualified in minutes, and let UMe carry the assumption to closing.