VA
Active
39$5,690,000$5,401,606 equity gap
- Rate
- 2.73%
7.40%today- Payment
- $1,343/mo
$2,284today
- 4beds
- 4baths
- 3,282sqft
Pacific Grove, California
Assumable homes for salein Pacific Grove, California.
2 homes in Pacific Grove carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.73%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Pacific Grove assumable market
by the numbers.
2active assumable listings
2.73%lowest locked rate
$5,695kmedian list price
$2,967saved per month vs. 7.2%
About the market
Assumable mortgagesin Pacific Grove, explained.
Every number on this page comes from the live MLS feeds UMe indexes for California, filtered to Pacific Grove. Updated October 2026.
How assumptions work for buyersPacific Grove, California has 2 homes for sale with an assumable mortgage as of October 2026: 2 VA loans 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 Pacific Grove assumable listings start at 2.73% with a median of 2.83%; 2 listings are under 4% and 2 are under 5%.
The median assumable home in Pacific Grove lists for $5,694,500, with a median of $4,767,219 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 $4,352 a month versus $7,319 for the same balance at today's rate, roughly $2,967 kept every month and $35,601 a year. The most active Pacific Grove ZIP codes are 93950 (2).
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 Pacific Grove assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Pacific Grove
View all 2 on the map Homes on the marketin Pacific Grove.
VA
Active
41$1,600,000$1,095,269 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $2,412/mo
$4,023today
- 3beds
- 2baths
- 1,792sqft
26085 Carmel Hills Drive, Carmel
VA
Active
40$5,699,000$4,139,889 equity gap
- Rate
- 2.94%
7.40%today- Payment
- $7,362/mo
$12,183today
- 4beds
- 4baths
- 2,600sqft
1209 Ocean View Boulevard, Pacific Grove
VA
Active
40$799,999$86,068 equity gap
- Rate
- 7.08%
7.40%today- Payment
- $4,933/mo
$5,092today
- 3beds
- 2baths
- 1,302sqft
3080 Crumpton Lane #21, Marina
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 Pacific Grove.
Live counts from the MLS feeds we index for California. Updated October 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 2.73%
- Median rate
- 2.83%
- Median list price
- $5,694,500
- Median cash to assume
- $4,767,219
Pacific Grove listings by locked rate
- Under 4%2 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Pacific Grove listings by loan type
- VA2 homesmedian 2.83%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Pacific Grove ZIP code.
Each ZIP opens the Pacific Grove map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Pacific Grove numbers
What an assumable ratedoes to a Pacific Grove payment.
The sliders start at the median Pacific Grove assumable listing: $5,694,500 list price and a 2.83% 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)$4,770,000
84% 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 Pacific Grove
$4,201/mo
New loan at 7.20%$6,279
Assumed at 2.85%
$4,201
Every month$2,078
Over five years$124,669
Interest you never pay$949,66026-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 Pacific Grove listing on UMe shows the actual balance, rate, and payment.
How it works in Pacific Grove
How to assumea mortgage in Pacific Grove.
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 Pacific Grove home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Pacific Grove 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 $4,767,219 in Pacific Grove 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 Pacific Grove payment written in a different decade.
Pacific Grove questions
Assuming a mortgagein Pacific Grove.
The numbers below come from current Pacific Grove inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Pacific Grove?
As of October 2026, UMe tracks 2 active assumable listings in Pacific Grove. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Pacific Grove?
Current Pacific Grove inventory breaks down as VA (2, median 2.83%). 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 Pacific Grove?
The lowest rate on an active Pacific Grove assumable listing is 2.73%, and the median across all 2 listings is 2.83%. 2 listings are under 4% and 2 are under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Pacific Grove?
Across current Pacific Grove listings, the median principal-and-interest payment on the assumable loan is $4,352 per month versus $7,319 for the same balance at today's rates, a difference of about $2,967 every month, or $35,601 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 Pacific Grove?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Pacific Grove that gap is currently a median of $4,767,219 on a median list price of $5,694,500. 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 Pacific Grove ZIP codes have the most assumable homes?
The Pacific Grove ZIP codes with the most active assumable listings are 93950 (2). 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 Pacific Grove?
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 California More assumable homesin California.
Ready when you are
Stop overpaying for Pacific Grove.The rate is already on the house.
Every listing on the Pacific Grove map has a rate you can take over. Start with the ones in Pacific Grove, get pre-qualified in minutes, and let UMe carry the assumption to closing.