Assumable Mortgage

(101 relevant results)
Sort by
House for sale: 223 Skopik CRESCENT, Saskatoon

37 photos

$594,900

223 Skopik Crescent, Saskatoon, Saskatchewan S7V 0V7

3 beds
3 baths
11 days

This two-storey home features a bright front foyer that opens to the main living area. The mudroom has direct access to and from the large double attached garage (21’-24’/22’) and the walk-through pantry that opens up to a large kitchen with tons of cabinet space Flooded with

Apartment for sale: 266 Gerrish Street, Windsor

8 photos

$925,000

266 Gerrish Street, Windsor, Nova Scotia B0N 2T0

0 beds
0 baths
18 days

Slight right from King street to Gerrish Incredible investment opportunity in Windsor with opportunity to increase value with cosmetic renovations and income lift! This package deal includes; 3 Duplexes and a 3 bedroom house (266 Gerrish, 260/262 Gerrish, 223/225 Gerrish and 30 Victoria Street)!

Row / Townhouse for sale: 43 LORNE THOMAS PL, New Tecumseth

40 photos

$859,900

43 Lorne Thomas Pl, New Tecumseth, Ontario L9R 0T8

3 beds
3 baths
16 days

!!!ASSUMABLE MORTGAGE FOR A REMAINING 1YR TERM | OPTION TO INCLUDE SELECT ITEMS!!! Welcome to 43 Lorne Thomas Place in Alliston's newest and growing neighbourhood. A gorgeous 3bed 3baths 1,744Sqft townhome. Here are the TOP REASONS you'll fall in love with this property. *1*: Rare & unique

Apartment for sale: 307, 1095 Timberline Drive, Fort McMurray

42 photos

$199,900

307, 1095 Timberline Drive, Fort McMurray, Alberta T9K 1Y7

2 beds
2 baths
18 days

TOP FLOOR FULLY FURNISHED 2 BEDROOM, 2 BATHROOM, 2 UNDERGROUND HEATED PARKING STALLS, STORAGE LOCKER IN A WELL-MAINTAINED ADULT-ONLY BUILDING OFFERING AN ASSUMABLE MORTGAGE. This oversized and meticulously kept condo is located in the Heart of Thickwood Subdivision, next to the Birchwood trails,

65 ST. GEORGE Street, Brantford

28 photos

$6,995,000

65 St. George Street, Brantford, Ontario N3R 1V2

24 beds
24 baths
87 days

Corner of St. George St. & N Park St. Welcome to this stunning fully renovated 24-unit , six storey apartment building with market rents. This building has been turned over with 21 of the units fully renovated with upgrades including a full electrical upgrade with separately metered hydro

65 ST. GEORGE ST, Brantford

28 photos

$6,995,000

65 St. George St, Brantford, Ontario N3R 1V2

0 beds
24 baths
11 days

Welcome to this stunning fully renovated 24-unit , six storey apartment building with market rents. This building has been turned over with 21 of the units fully renovated with upgrades including a full electrical upgrade with separately metered hydro in every unit. Ductless spilts providing

Other for sale: 3339 Bothe Road, Kelowna

20 photos

$1,000,000

3339 Bothe Road, Kelowna, British Columbia V1W 3M3

0 beds
0 baths
11 days

Offering a 1.89% assumable mortgage and strong rental income, this corner lot is the perfect holding property for future development. The land is already zoned to accommodate up to 6 townhouses and is located on a quiet street close to all that the South Pandosy neighbourhood has to offer—shopping,

Fourplex for sale: 33 FOSTER STREET, Perth

11 photos

$849,900

33 Foster Street, Perth, Ontario K7H 1R8

0 beds
0 baths
84 days

COMMERCIAL ZONING ALLOWS MANY PERMITTED USES ON FILE LIKE LAW OFFICE,REAL ESTATE AGENCY,RETAIL STORE ETC,THIS IS A WELL LOCATED 4-PLEX IN HISTORIC PERTH ON A QUIET STREET OFF OF THE MAIN STREET AND CLOSE TO ALL OF THE AMMENITIES OF THE BUSINESS SECTION,EVERY APT HAS IT'S OWN SEPARATE ENTRANCE,ALL

71 Hutchison AVE, Elliot Lake

25 photos

$245,000

71 Hutchison Ave, Elliot Lake, Ontario P5A 1W7

3 beds
1 baths
64 days

Hwy 108 to Hillside South, To Hutchison Single detached, 3 bedroom bungalow on an extra wide lot in a great location, close to downtown, schools and hospital. The modern kitchen has an upgraded window (2024), cupboards and countertop. The bright adjoining dining area has a walkout to a mostly

House for sale: 24 SIKORSKI Avenue, St. Catharines

44 photos

$849,000

24 Sikorski Avenue, St. Catharines, Ontario L2M 5W9

4 beds
4 baths
115 days

West down Welland Ave, Right onto Grantham, Right onto Sikorski **ASSUMABLE MORTGAGE OPTION AVAILABLE AT 1.64% FOR 2 YEARS** ((Contact your Real Estate Agent or the Listing Agent for more details, standard mortgage checks are still required to ensure qualification)) Welcome to your dream home

House for sale: 47 RICARDO ST, Niagara-on-the-Lake

40 photos

$1,389,000

47 Ricardo St, Niagara-on-the-Lake, Ontario L0S 1J0

4 beds
2 baths
40 days

Highly desirable assumable mortgage rate of 2.79% until Spring 2027! Situated in prime heart of Old Historic Town of Niagara on the Lake, desirable location celebrated for being within steps to the lake and walking distance to downtown fine dining restaurants, shops and theatres on Queen Street,

House for sale: 325 Dougall Road S, Kelowna

5 photos

$1,499,000

325 Dougall Road S, Kelowna, British Columbia V1X 3J5

4 beds
2 baths
95 days

Introducing a prime 0.21-acre corner lot in Kelowna, positioned at Dougall Rd S and Jurome Ave, this development opportunity is zoned UC4, allowing for 4-story buildings with a potential FAR with bonuses of 2.4. Sewer is at the lot line. Nestled in a rapidly expanding neighborhood, this property

House for sale: 23888 103A AVENUE, Maple Ridge

40 photos

$1,499,999

23888 103a Avenue, Maple Ridge, British Columbia V2W 1G3

5 beds
4 baths
18 days

Welcome to your dream home nestled in the one of the most serene neighbourhoods of Maple Ridge! This immaculate 5 bedroom, 3.5 bathroom house is a haven of modern comfort and natural beauty. Situated adjacent to lush parks and nestled beside a protected creek creating picturesque views, this

6193 MAIN ST, Whitchurch-Stouffville

40 photos

$1,488,000

6193 Main St, Whitchurch-Stouffville, Ontario L4A 4H8

0 beds
0 baths
59 days

This Exceptional Commerical/Residential Property Is Situated Directly Across The Street From The Stouffville GO Station. This Unit Presents An Outstanding Investment Opportunity For Investors Looking For Tenants And Leases Already In Place. Boasting a Fully Operational Resturant And A 4 Unit

Multi-Family for sale: 1916 8 Street SW, Calgary

24 photos

$3,650,000

1916 8 Street Sw, Calgary, Alberta T2T 2Z3

0 beds
0 baths
23 days

The Tiffany is the sale of all 16 units in Condominium Plan 0913575. There are 16 furnished suites - 2 Studio and 14 1 BR with new furniture and appliances. This is an excellent location in Lower Mount Royal within walking distance to all the amenities that 17th Ave SW, 4th St

House for sale: 263 KING ST, Southwest Middlesex

40 photos

$485,000

263 King St, Southwest Middlesex, Ontario N0L 1M0

3 beds
2 baths
5 days

Welcome to 263 King Street in the beautiful town of Glencoe! This home exudes warmth and comfort while providing plenty of space inside and out. You will fall in love with the beautiful, renovated kitchen, with great storage and a gorgeous island perfect for preparing meals. Working from home

Multi-Family for sale: 555 BIRCHMOUNT RD, Toronto

40 photos

$3,149,000

555 Birchmount Rd, Toronto, Ontario M1K 1P8

0 beds
0 baths
78 days

Welcome To 555 Birchmount Rd, A Boutique 6-Plex Multi-Residential Building With Fully Renovated And Fully Tenanted Units At Market Rent In Desirable Clairlea-Birchmount! Incredible Investment Opportunity With An Assumable Mortgage At 2.19% Until December 2026! Over $163k In Gross Income! Each

Apartment for sale: 12 MULLIGAN LANE, Georgian Bay

33 photos

$597,888

12 Mulligan Lane, Georgian Bay, Ontario L0K 1S0

2 beds
2 baths
15 days

Breathtaking views of Georgian Bay greet you from the family room and dining room windows. Sip your morning ""cuppa"" in your slice of paradise. This updated/upgraded two-bedroom, one-and-a-half-bathroom haven has everything you need. Step inside, and you'll be captivated by the fresh bright

11830 101 ST NW, Edmonton

33 photos

$2,499,995

11830 101 St Nw, Edmonton, Alberta T5G 2G3

0 beds
0 baths
318 days

Assumable Mortgage @ 2.64% | Creative financing will be considered | Prime investment opportunity! This 15-suite multi-family apartment complex, walking distance from NAIT, offers a mix of 3 bachelor, 10 one-bedroom, and 2 two-bedroom suites. Notable upgrades: fixed foundation in 2009, a new

House for sale: 4425 Happy Valley Rd, Metchosin

61 photos

$1,599,988

4425 Happy Valley Rd, Metchosin, British Columbia V9C 3Z3

4 beds
3 baths
9 days

*****ASSUMABLE MORTGAGE AT 1.69% *** Welcome to your dream home! This stunning 4-bedroom residence sits on an expansive 2.06-acre lot, offering a harmonious blend of updated elegance and natural beauty. Step inside and be captivated by the modern finishes and spacious layout that create

House for sale: 40 SILVERCHIEF ESTATE CR, Rural Sturgeon County

50 photos

$999,900

40 Silverchief Estate Cr, Rural Sturgeon County, Alberta T8T 0C1

5 beds
4 baths
178 days

ASSUMABLE MORTGAGE AVAILABLE AT 1.99% . 3500 square feets MASSIVE chalet Style Bungalow with 5 FIREPLACES, 4 CAR GARAGE, 5 MASSIVE BEDROOMS, SUNROOM, SWIMMING POOL(Heated) , SAUNA, MEDIA ROOM (comes with projector, receive, speakers )AND GAMES ROOM. The house is fully fenced with a DECORATIVE

Row / Townhouse for sale: 5983 Princess Street, Peachland

72 photos

$1,219,000

5983 Princess Street, Peachland, British Columbia V0H 1X7

3 beds
3 baths
16 days

Welcome to 'Somerset Reach', a premier luxury lakeview development in Peachland, featuring a move-in ready, beach-inspired townhome. This townhome consists of 2,174 square feet of interior living space with an additional 627 square feet of exterior living over 2 decks and a patio. It includes

Row / Townhouse for sale: 123 300 Phelps Ave, Langford

24 photos

$735,000

123 300 Phelps Ave, Langford, British Columbia V9B 6L3

3 beds
3 baths
56 days

Located adjacent to Thetis Lake Trail & Park and minutes away from Millstream Village shopping centre this 2-3 bedroom, 3 Bathroom contemporary designed townhome still under home warranty is sure to please. Upper level offers the primary bedroom with large ensuite, heated tile floors, dual

House for sale: 16 CRESTWOOD DR, Barrie

36 photos

$1,599,900

16 Crestwood Dr, Barrie, Ontario L4M 7C8

4 beds
3 baths
89 days

Stunning residence nestled in one of Barrie's most prestigious neighborhoods! Boasting breathtaking views and an abundance of natural light, this modernized mid-century bungalow offers unparalleled curb appeal. Surrounded by lush trees for ultimate privacy, the home features a spacious living

Row / Townhouse for sale: 38 ADMIRAL DR, Wasaga Beach

34 photos

$575,000

38 Admiral Dr, Wasaga Beach, Ontario L9Z 3C6

2 beds
2 baths
4 days

OPEN HOUSE Saturday, May 11th 11:00 a.m. - 1:00p.m. Welcome to Wasaga Beach. This freehold townhouse is located only a 15 minute walk from Beach 1 and down the street from 30km of walking trails This newly renovated 2 bedroom 2 bathroom townhouse is perfect for the family as a full time or

Duplex for sale: 6 4408 CORMORANT WAY, Tsawwassen

34 photos

$1,198,000

6 4408 Cormorant Way, Tsawwassen, British Columbia V4M 0E9

3 beds
3 baths
95 days

Let the Sunshine in! Fresh, Modern and so very BRIGHT!! One year old End Unit 1/2 Duplex at Boardwalk. Nothing beside you but Beautiful Sunset views, Mountains, playing field and Port of Vancouver lights twinkling at night. Upgrades include; laminate throughout, A/C, high end ceiling fan

House for sale: 1013 ST PIERRE, Tecumseh

47 photos

$349,900

1013 St Pierre, Tecumseh, Ontario N8N 1Z7

3 beds
1 baths
1 day

CHARMING AND WARM BUNGALOW WITH LOTS OF CURB APPEAL IN THE HEART OF TECUMSEH. FEATURING 3 BEDROOMS, OPEN CONCEPT DESIGN AND TOTALLY RENOVATED WITH LOTS OF NATURAL LIGHT. MODERN BRIGHT WHITE KITCHEN WITH STAINLESS STEEL APPLIANCES, YOU WILL LOVE THE BRIGHT AND WELCOMING LIVING ROOM WITH NICE

House for sale: 137 GEOFFREY ST W, Toronto

40 photos

$2,600,000

137 Geoffrey St W, Toronto, Ontario M6R 1P4

6 beds
4 baths
163 days

Live in Roncy for Free with Income! Location Location Location! You don't want to miss out on this Golden Opportunity of a Lifetime! RUN, DON'T WALK! Excellent investment to own a beautifully maintained Multiplex. Private Driveway for 2 Cars. Assumable mortgage @3.09% 1 Year, Subject to Lender

House for sale: 10155 522 Highway, Arnstein

44 photos

$837,500

10155 522 Highway, Arnstein, Ontario P0H 1A0

3 beds
1 baths
57 days

Travel Highway 522 to Arnstein. Property is east of Legrou Lake Rd. SOP Welcome to one of the area's original homesteads set on 80+ acres. This exceptional property, a true testament to pride of ownership and timeless charm, was crafted with hand-hewn dovetail logs over 130 years ago. Step

House for sale: 935 ARGYLE Street, Penticton

43 photos

$899,000

935 Argyle Street, Penticton, British Columbia V2A 5P1

6 beds
6 baths
1 day

Spacious family home - the perfect blend of comfort and style! Flexible design featuring several bedrooms with ensuites, ideal for a large household, or families with teens, and for those who value extra space. Its elegant Victorian aesthetic adds a touch of timeless charm. Main level offers

Row / Townhouse for sale: 38 ADMIRAL Road, Wasaga Beach

50 photos

$575,000

38 Admiral Road, Wasaga Beach, Ontario L9Z 3C6

2 beds
2 baths
4 days

River Road, South on Blue Berry Trail, Right on Royal Beach Drive, Left on Admiral Road OPEN HOUSE Saturday, May 11th 11:00 a.m. - 1:00p.m. Welcome to Wasaga Beach. This freehold townhouse is located only a 15 minute walk from Beach 1 and down the street from 30km of walking trails This newly

Apartment for sale: 32-36 Harold Court, Cornwall

30 photos

$3,200,000

32-36 Harold Court, Cornwall, Prince Edward Island C0A 1H3

0 beds
0 baths
5 days

Built-in 2022 are 2 apartment buildings- 6 plex apartments each on a slab in the heart of Cornwall. Each building has 6 units for a total of 12 apartments. Each building has 5 two-bedroom, 1 bath apts and 1 one-bedroom, 1 bath apt per building for a total of 12 apts. Secured buildings &

Other for sale: Lot 1 White Pine Rd, View Royal

98 photos

$2,249,900

Lot 1 White Pine Rd, View Royal, British Columbia V9B 5E1

0 beds
0 baths
3 days

Located on a quiet cul de sac.Immaculate, well thought-out 2010 year built custom oceanfront home (Borders small Riparian Area) Boasts 3200+sqft of pristine living space. Main living up, 2 bed legal suite down + Garage professionally converted into office space with the reception area, office

581 STRASBURG Road, Kitchener

31 photos

$7,195,000

581 Strasburg Road, Kitchener, Ontario N2E 1P2

39 beds
21 baths
59 days

Ottawa/Strasburg Secure, turn key investment in a great neighborhood located in Kitchener, Ontario. This 21 unit residential building was completely renovated three years ago, which consist of new roof, electrical, heating systems, and the units themselves. Attractive assumable mortgage at

Row / Townhouse for sale: 1795 Country Club Drive Unit# 211, Kelowna

54 photos

$675,000

1795 Country Club Drive Unit# 211, Kelowna, British Columbia V1V 1V9

2 beds
3 baths
3 days

Luxury Townhouse with Okanagan Views! This stunning 2-bedroom, 3-bathroom upper-level unit in Bella Sera is your dream home! It boasts an ideal location right on the Okanagan Golf Club, minutes from UBCO, the University District, and the Kelowna International Airport. This unit comes fully

Apartment for sale: #414 -199 FRONT ST, Belleville

24 photos

$414,900

#414 -199 Front St, Belleville, Ontario K8N 5H5

2 beds
1 baths
11 days

BUYER INCENTIVE - Seller Offering to pay for 6 Months Condo of fees ($641.93/ month) and ASSUMABLE MORTGAGE at 1.69% interest rate for 2 years on $285k balance. Welcome to Century Village in the Heart of downtown Belleville. This exceptional corner unit boasts the best panoramic views and

9130 Jasper Avenue NW, Edmonton

26 photos

$1,800,000

9130 Jasper Avenue Nw, Edmonton, Alberta T5H 3S9

0 beds
0 baths
318 days

Assumable Mortgage @ 5.24% | Creative Financing Considered | A charming 13-unit apartment building situated in the heart of Alberta. Nestled on an 8616 sqft lot, this character property built in 1952 offers a captivating view of the river valley. Boasting a mix of renovated units, serviced

Multi-Family for sale: 35 & 37 FIRST ST, Orangeville

40 photos

$2,200,000

35 & 37 First St, Orangeville, Ontario L6W 2E3

0 beds
0 baths
60 days

Orangeville - Charming Victorian 6 plex spacious units (see attached floor plans) Each unit has individual outdoor spaces (either deck or patio) very appeacing units. Building is centrally located, currently being used for residential zoning also allows for commercial use. **** EXTRAS ****

Apartment for sale: 1602 13438 CENTRAL AVENUE, Surrey

17 photos

$729,000

1602 13438 Central Avenue, Surrey, British Columbia V3T 0N2

2 beds
2 baths
12 days

Investors Dream! Beautiful, bright, revenue producing ($2,700 per month) 2 bed 2 bath 16th floor SW corner unit at Prime on the Plaza! Floor to ceiling wrap around windows with AMAZING views, 9 ft ceilings, open concept living with bedrooms at opposite ends for privacy, gorgeous seamless kitchen

House for sale: 1261 Princess STREET, Regina

21 photos

$87,700

1261 Princess Street, Regina, Saskatchewan S4T 3T7

3 beds
1 baths
58 days

Great starter home or revenue property, close to schools, community center and library. $49000 Assumable mortgage with qualifications interest rate of 1.74% roughly 2 years left.it has been rented out in the past for $1300 per month.This would make a great starter or revenue home. Interior

Multi-Family for sale: 633 Beach Rd, Qualicum Beach

48 photos

$6,950,000

633 Beach Rd, Qualicum Beach, British Columbia V9K 1H1

0 beds
0 baths
18 days

Investment opportunity awaits with this enclave of 12 recently built duplex units, all fully leased with strong rental returns and minimal operating costs. Comprising four 2-bedroom, 2-bathroom plus den homes, six 2-bedroom, 1-bathroom residences, and two cozy 1-bedroom, 1-bathroom units,

10729 108 ST NW, Edmonton

26 photos

$2,850,000

10729 108 St Nw, Edmonton, Alberta T5H 3A4

0 beds
0 baths
318 days

Assumable Mortgage 2.35% | Creative financing will be considered | Exciting investment opportunity in downtown Edmonton! This commercial multi-family apartment is perfect for both entry-level and seasoned investors. With 16 one-bedroom units, 3 two-bedroom units, and 5 bachelor units, this

House for sale: 162 ELMWOOD AVE, Toronto

34 photos

$3,050,000

162 Elmwood Ave, Toronto, Ontario M2N 3M4

5 beds
6 baths
59 days

The Best Street In Willowdale. Nested Millions Dollar Houses, Unique Custom Home, Extraordinary Architectural Details & Quality Material. Details/ Fixtures Gracious 18' Ceiling Foyer/ Limestone Flr. Open Concept Designer Gourmet Kit+Granite Countertop, Centre Island. Top-Of-The-Line S/S Appliance.

House for sale: 21 MEDLEY LANE, Ajax

32 photos

$789,000

21 Medley Lane, Ajax, Ontario L1S 3P5

3 beds
2 baths
4 days

Detached Condo located in sought after South Ajax. Main floor offers updated kitchen with breakfast area, large living room with built in media centre with electric fireplace. Walk out to patio and good sized yard. Upper floor has generous primary bedroom, two additional bedrooms and updated

Apartment for sale: 705 760 Johnson St, Victoria

22 photos

$474,900

705 760 Johnson St, Victoria, British Columbia V8W 0A4

1 beds
1 baths
55 days

GORGEOUS & INVITING URBAN RETREAT! Ideal for those seeking a stylish haven in the heart of downtown Victoria or an investor - with an amazing tenant in place and assumable mortgage at 1.59%! This well maintained condo boasts floor-to-ceiling windows and exquisite hardwood and tile flooring.

Other for sale: 555 BIRCHMOUNT RD, Toronto

40 photos

$3,149,000

555 Birchmount Rd, Toronto, Ontario M1K 1P8

11 beds
6 baths
94 days

Welcome To 555 Birchmount Rd, A Boutique 6-Plex Multi-Residential Building With Fully Renovated And Fully Tenanted Units At Market Rent In Desirable Clairlea-Birchmount! Incredible Investment Opportunity With An Assumable Mortgage At 2.19% Until December 2026! Over $163k In Gross Income! Each

House for sale: 16 CRESTWOOD Drive, Barrie

44 photos

$1,599,900

16 Crestwood Drive, Barrie, Ontario L4M 7C8

4 beds
3 baths
89 days

Blake Street to Shanty Bay Road to Crestwood Stunning residence nestled in one of Barrie's most prestigious neighborhoods! Boasting breathtaking views and an abundance of natural light, this modernized mid-century bungalow offers unparalleled curb appeal. Surrounded by lush trees for ultimate

House for sale: 139 Cottonwood Creek Way, Fort McMurray

31 photos

$429,900

139 Cottonwood Creek Way, Fort McMurray, Alberta T9K 2V2

5 beds
4 baths
146 days

Charming home with front porch located in the heart of Timberlea, welcome to 139 Cottonwood Creek Way! Bright main floor featuring a bay window in the front living room, open staircase, + Hardwood floor span from the living room into the dining space. Uninterrupted sightline from the front

House for sale: 47 RICARDO Street, Niagara-on-the-Lake

43 photos

$1,389,000

47 Ricardo Street, Niagara-on-the-Lake, Ontario L0S 1J0

4 beds
2 baths
40 days

URBAN Highly desirable assumable mortgage rate of 2.79% until Spring 2027! Situated in prime heart of Old Historic Town of Niagara on the Lake, desirable location within steps to the lake & walking distance to downtown fine dining restaurants, shops & theatres on Queen Street, Niagara Golf

4184 OLD HIGHWAY 2, Belleville

40 photos

$2,799,900

4184 Old Highway 2, Belleville, Ontario K8N 4Z4

0 beds
0 baths
1 day

Investors & Developers! This is your chance to own ~58 acres of prime real estate just east of Belleville. The property features an extensively renovated commercial building currently leased on a triple net basis, offering office space, drive-in doors, and multiple bays. Adjacent to the building

Assumable Mortgages: A Great Option for Homebuyers

Are you in the market for a new home? Have you considered an assumable mortgage? An assumable mortgage is a type of mortgage loan that allows a buyer to take over the seller's existing mortgage. This can be a great option for homebuyers who want to save money on closing costs and avoid the hassle of applying for a new mortgage.

How Assumable Mortgages Work

Assumable mortgages are not as common as they used to be, but they can still be found in certain markets. When you assume a mortgage, you take over the seller's existing mortgage loan and agree to make the remaining payments. The terms of the mortgage, including the interest rate and monthly payment, remain the same. This can be a great option for homebuyers who want to avoid the hassle of applying for a new mortgage and want to save money on closing costs.

Benefits of Assumable Mortgages

Assumable mortgages offer several benefits to homebuyers. First, they can save you money on closing costs. When you assume a mortgage, you don't have to pay for a new appraisal, title search, or other closing costs associated with a new mortgage. Second, assumable mortgages can be easier to qualify for than new mortgages. If you have a lower credit score or don't have a lot of cash for a down payment, an assumable mortgage may be a good option for you. Finally, assumable mortgages can be a great way to lock in a low interest rate. If interest rates have gone up since the seller took out the mortgage, you can save money by assuming their lower interest rate.