Assumption Fee

(redirected from Assumption Fees)

Assumption Fee

A fee that the buyer of a property with an assumable mortgage pays to the lender for the ability to take over the mortgage.
References in periodicals archive ?
UDR said that the transaction is expected to be funded through the issuance of up to USD 753m of UDR OP units issued at USD35 per unit, the assumption of USD 90m of debt and USD 65m in cash, inclusive of transfer taxes and loan assumption fees.
Ancillary income, including late charges, insurance fees, assumption fees, and the like, contributed 17 percent of gross revenues, or $49 per loan.
The cash stream is comprised of the servicing fee, income related to any escrows, and ancillary income such as late fees assumption fees, and so forth.