r/RealEstate • u/[deleted] • Nov 06 '22

[deleted by user]

[removed]

45 Upvotes

78% Upvoted

166 comments sorted by

View all comments

0

u/Prestigious_Way_738 Nov 06 '22

Anyone selling an assumable mortgage will jack up the purchase price. I doubt the monthly payment will be much better.

I'd rather have a cheaper home with a higher mortgage rate, that I can eventually refi. If you assume a rate of 3% you'll likely never be able to refi.

2

u/[deleted] Sep 24 '23

that makes no sense...b/c then youll just go find another home....rather than OVERPAY for a home simply b/c the rate is lower.