The Equity Gap Explained: What You Actually Need to Pay on an Assumabl
Tuesday, June 02
The Equity Gap Explained: What You Actually Need to Pay on an Assumable Mortgage The equity gap is the part of assumable mortgages that trips people up. Once you understand it, the whole thing clicks. But a lot of buyers hear "you need to cover the equity" and immediately think it's too complicat...
How to Calculate Savings on an Assumable Mortgage
Tuesday, June 02
# How to Calculate Savings on an Assumable Mortgage The math on assumable mortgages is what makes them so compelling. Once you see the numbers, it's hard to look at a 7% mortgage the same way. Let me walk you through exactly how to calculate your savings. ## The Basic Formula Your savings come fr...
Monthly Payment Comparison: 2.5% vs 7% on a $400K Home
Monday, June 01
# Monthly Payment Comparison: 2.5% vs 7% on a $400K Home Let's get specific. A $400,000 home financed at 2.5% versus 7%. Same home, same price, completely different financial outcomes. ## The Monthly Numbers **At 7% (new 30-year mortgage):**- Monthly P&I: $2,661- Total interest over 30 years:...
Assumable Mortgage vs Traditional Mortgage: Full Comparison
Saturday, May 30
# Assumable Mortgage vs Traditional Mortgage: Full Comparison Here's the bottom line: an assumable mortgage saves you money. A traditional mortgage costs more. The question is whether the tradeoffs are worth it for your situation. Let me break down every meaningful difference. ## Interest Rate Th...
Could Conventional Mortgages Become Assumable? What Buyers Need to Kno
Friday, May 29
# Could Conventional Mortgages Become Assumable? What Buyers Need to Know There's been a lot of noise about the Trump administration and "portable mortgages." If you've been following housing policy, you've probably seen the headlines. It's worth cutting through the buzz to explain what's actuall...
Can You Assume a Conventional Loan?
Thursday, May 28
# Can You Assume a Conventional Loan? No. Not in any practical sense for a standard home purchase. Conventional loans (those backed by Fannie Mae and Freddie Mac) have due-on-sale clauses in the mortgage documents. This clause gives the lender the right to demand full repayment of the loan when t...