Pay off Solar Loan in Order to Refinance Mortgage

[Kenneth Burdick]

Hello,

We have our primary mortgage on a 15-year fixed @ 2.875%. We also have a solar loan with a balance of $12.5k at 5.99%. I have the option to do a zero closing cost loan into a 10-year fixed @ 2.375%, but I would have to roll the solar balance into the mortgage. The downside to this is it removes the option of me possibly being able to transfer the solar loan to a new buyer if we were to sell in the next few years. Question for the community - how easy is it to transfer a solar loan to a new buyer? Does this actually happen in practice or does it just scare off buyers to the point where I'd likely find myself paying off the loan in order to sell the home anyway? Any suggestions?

Thanks,

Ken

[Kenneth Burdick]

@Andrew Smith Thanks! Seems like it might be easier to just fold it into the mortgage, get the lower rate and simplify things down the road.