Latest / The Assumable Guy Show
What Happens If I Want to Refinance an Assumed Loan Later?
One of the most common questions Ryan gets is "what if I assume this loan and then rates drop, am I stuck?" The short answer is no, but here's the thing: when you're sitting on a 2.5% rate, you're probably never going to want to refinance it anyway. Ryan runs the numbers on what refinancing an assumed loan at today's rates would actually cost you. We're talking $340,000 more in interest over the life of the loan. Then he breaks down where your real flexibility lives: the gap loan. He walks through exactly how to aggressively pay down a second mortgage, when it makes sense to refinance just…
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