Latest / The Assumable Guy Show
Two Offers on My House: One Assumable, One Conventional. Which One Should I Take?
Ryan sets up the comparison with real numbers and one rule: compare net, not headline price. On a $460,000 home with a VA loan at 2.5%, a conventional offer at $455,000 with $8,000 in concessions nets $447,000. An assumable offer at $465,000 with no concessions and the buyer covering the processor fee nets $465,000. Back out two months of carrying costs and the assumable still puts about $14,000 more in your pocket on the same house in the same week. He explains exactly why the assumable buyer pays more: stepping into a $1,720 a month payment versus $2,730 on a new loan, the premium is just…
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