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    ming87720's Avatar
    ming87720 Posts: 1, Reputation: 1
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    #1

    Mar 12, 2009, 12:58 AM
    Assumption of mortgage
    Does assumption of mortgage include principle and interest?
    ohbrother's Avatar
    ohbrother Posts: 9, Reputation: 1
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    #2

    Mar 12, 2009, 01:03 AM
    When you assume a mortgage, you assume a balance. So they payment would include principal and interest. If you are making arrangements with a private party, that could be something different.
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