Who Makes the Mortgage Payment While the Assumption Is Processing?

The seller does, every single payment, until the day it closes. Ryan gives that answer upfront and then explains exactly why missing even one of those payments can kill the entire deal. The servicer is reviewing the payment history on the loan they are transferring, and a 30-day late stops the whole process cold. He has watched sellers turn off autopay because the house feels sold already, and then watched the assumption die over a payment they could have made. Keep paying. On the money side, those payments are not donations. Ryan breaks down where the cash actually goes on a $420,000 loan at 2.65%, showing that roughly $1,500 of two months of payments comes back as equity at closing because the balance drops, and the escrow account gets settled on top of that. He also covers the tools available to sellers who are worried about carrying the payment: outside closing date with a per diem credit, bigger earnest money deposit, or pricing it into the deal from the start. Buyers get three things to know: do not move in before closing without a written occupancy agreement, expect your first payment to be due within weeks of closing instead of the month you skip on a new loan, and keep your credit and cash clean the whole time. Dilip put $50,000 down on a $550,000 property at 2.8% and waited. He would wait again. Hit up assumableguy.com or DM @the.assumable.guy on Instagram.