Assumable Mortgage Savings Calculator
Plug in some numbers and see for yourself. The difference between a 2.75% rate and a 7% rate is not small. It's life-changing money.
Enter Your Numbers
The remaining balance on the seller's current loan
How many years left on the assumable loan
Side-by-Side Comparison
Equity Gap (Cash to Close)
This can be covered with cash, a second mortgage, or HELOC. Second mortgage options available with as little as 5% down on primary residences.
Like What You See?
These are real numbers. Let me help you find a home with an assumable rate like this.
How to Read These Numbers
Monthly Savings: This is the difference between what you'd pay with the assumable rate vs. getting a new mortgage at today's rate. On a $400K loan, we're talking $800-$1,200 per month. That's real money.
Equity Gap: This is the amount you need to cover above the existing loan balance. It's not really a "down payment" in the traditional sense. You cover it with cash, a second mortgage, or a combination. Companies like SpringEQ offer second mortgages with as little as 5% down.
Total Lifetime Savings: Multiply your monthly savings by the remaining loan term. On many of these properties, we're looking at $150K-$350K in total savings. That's not a typo.
One thing to keep in mind: The loan term on an assumable mortgage is whatever's left on the seller's loan. So instead of starting a fresh 30-year mortgage, you might have 24 or 25 years left. That means you own the home outright sooner AND you're paying less interest along the way.