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Assumable Blog
Learn how to take over a lower mortgage rate
Guides, rate data and step-by-step playbooks for buyers, sellers and agents working with FHA, VA and USDA assumable loans.
Market Insights
Assumable Mortgage Rates: Save $1,051/Month at 7.28%
Assuming a seller's FHA or VA loan at 3% instead of a new 7.28% mortgage saves about $1,051 monthly on a $400,000 home, roughly $12,600 yearly, as 12.2 million assumable loans remain available nationwide.
New to assumable loans?
Start here
Four articles, in order, that cover everything from eligibility to closing.
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Our most complete, regularly updated guides.
Assumable calculator
How much could an assumable loan save you?
Enter the home price, the seller's loan balance, rate and remaining term to see your monthly payment, total interest and the equity gap you'll need to cover.
Home you're interested in assuming
Example
Home sale price
$500,000
Mortgage balance
$350,000
Existing rate
2.5%
Remaining term
25 years
Monthly payment
$1,570
Total interest
$121,048
Equity gap
$150,000
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