01
Find a home with a low rate
Roughly 1 in 4 mortgages is assumable. FHA and VA loans can transfer with the property.
Buy a Home at 3%
Lock in lower rate and save big.
What is an Assumable Loan?
An assumable mortgage allows a homebuyer to take over the seller's existing loan—keeping their low interest rate, avoiding today's higher costs, and often saving thousands. We make the process simple. With 5,000+ certified listings across 20+ cities and a network of over 200 agents, we're connecting the dots so more people can benefit.
Gilbert, AZ
List price$525,0003 bd · 2 ba · 1,840 sqft
Same home, same loan
Your monthly payment, cut almost in half.
On the $420,000 loan after 20% down.
7.32%
Today's rate
monthly payment
$2,885/mo
2.50%
Assumable rate
monthly payment
$1,660/mo
Save $1,225 every month
That's $441,000 over the life of the loan.
02
Step into the seller's loan
You keep the same rate and term while the lender transfers the loan into your name.
03
Save hundreds for decades
A much lower rate can reduce monthly payments and preserve long-term wealth.
Assumable mortgages, explained
A time machine
back to 2021 rates.
An assumable mortgage lets you take over a seller's existing home loan. Same rate, same term, same monthly payment they signed years ago. Step into a 2 to 4% mortgage from the COVID era instead of a 7.32% rate today.
50 years of mortgage rates
US 30-year fixed average
"Jeremy is the most knowledgeable and trustworthy agent we've ever worked with. He made the entire process seamless and stress-free."
— SARAH & MARK R.