What Is an Assumable Mortgage and Could It Save You Thousands?

With mortgage rates still elevated, taking over a seller’s existing home loan could lower monthly payments — if the numbers work.

# What Is an Assumable Mortgage and Could It Save You Thousands? With mortgage rates still elevated, taking over a seller’s existing home loan could lower monthly payments — if the numbers work. **Read the full article:** [Kiplinger](https://www.kiplinger.com/real-estate/mortgages/what-is-an-assumable-mortgage) *This article was originally published by Kiplinger. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*