In today’s market, traditional financing can feel like a roadblock. But what if you could "inherit" a 2.5% or 3% interest rate from a seller? Assumable mortgages are the best-kept secret in real estate, offering a powerful way for buyers to lower their monthly payments and for sellers to make their homes stand out.
How the Strategy Works
When a buyer assumes a seller’s existing mortgage, they keep the original low rate on that balance. To cover the Equity Gap (the difference between the purchase price and the assumed loan), the buyer uses cash or a second mortgage at current market rates. The result? A Blended Rate that should be significantly lower than today’s standard bank rates.
See the Savings for Yourself
Use our interactive tool below to calculate your potential blended rate. Whether you are a buyer looking for more house for your dollar, or a seller looking to create a major incentive for your listing, this math changes the game.
Take the Next Step
- Watch & Learn: Check out the video to the left for a deep dive into how we are implementing this strategy at Cobble Ridge Realty.
- Read the Full Breakdown: For a comprehensive guide on navigating this process, read our latest blog post here.
- Let’s Talk: Ready to see if an assumable mortgage is right for your move? Give Ray a call today at Cobble Ridge Realty. We specialize in creative financing solutions that move you forward.
