Assumable loans
A smarter conversation in a high-rate market.
An assumable mortgage may let a qualified buyer take over the seller’s existing loan on its original terms.
Compare the numbersHow it works
The loan travels with the home.
With an assumable loan, a qualified buyer may take over the seller’s existing mortgage instead of financing the full purchase with a new loan. The buyer still needs to qualify with the loan servicer, and the seller’s equity must be addressed.
That can matter when an existing rate is meaningfully lower than today’s market rate. It is not automatic, and it is not the right fit for every transaction—education comes first.
A simple comparison
See the payment difference.
Illustrative only. Your servicer, loan terms, taxes, insurance, qualification, and equity position determine the real opportunity.
Make the next decision clearer