Assumable Mortgage Benefit Calculator
Assumable Mortgage Benefit Calculator
Assumed Loan (Seller's Mortgage)
New Market Loan (Alternative)
Monthly Savings by Assuming
$289.50
$974.63 assumed vs $1,264.14 new loan
Assumed Payment
$974.63
3.25% over 25 yrs
New Loan Payment
$1,264.14
6.5% over 30 yrs
Interest Saved
$162,699
over the life of each loan
Loan Comparison
| Loan Amount | $200,000.00 | assumed balance |
| Interest Rate | 3.25% | assumed loan rate |
| Monthly Payment | $974.63 | assumed loan |
| Total Interest (Assumed) | $92,389.74 | assumed loan, full term |
| Total Interest (New) | $255,088.98 | new loan, full term |
| Interest Saved | $162,699.24 | new loan interest − assumed |
Total Interest Paid ($)
Assuming the seller's loan saves $289.50 per month and roughly $162,699 in total interest.
Summary Statistics
Assumed Rate
3.25%
New Loan Rate
6.5%
Assumed Payment
$974.63
New Loan Payment
$1,264.14
Monthly Savings
$289.50
Interest Saved
$162,699
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