Loan Assumption plus cash

[Ben Unger]

Given interest rates are rising, would it be more advantageous to try and get a loan assumption from a seller that has a better interest rate than what would be available on the market?

What kind of situation would even warrant that as a good option in 2022 and beyond. Can cash be offered on top to offset any equity required to make a fair sale?

[Zach Nemechek]

This is a wonderful question. I am trying to do the exact same thing right now. I am attempting to Subject 2 a property that has 28 years, $256k at 2.8% remaining and give him $30k on top of it. I am looking for more info on how exactly subject 2 will work with the note when/if I decide to sell the house.