Latest / The Assumable Guy Show
Should I price my home higher because it has a 2.5% rate?
Yes, you can get a premium for your rate. But not the way most people think, and doing it the wrong way is exactly how your house ends up sitting. Ryan breaks down why every extra dollar you tack onto the list price of an assumable does not show up in a buyer's monthly payment. It shows up as cash at the closing table. The loan balance does not move, the bank is not lending more, and the equity gap is the gap. He runs the numbers on a $400,000 loan at 2.5% where the buyer saves $948 a month and $307,000 over the life of the loan, then explains why asking that buyer to pay a $25,000 premium in…
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