FHA
Active
40$299,900$48,519 equity gap
- Rate
- 2.84%
7.40%today- Payment
- $1,166/mo
$1,955today
- 3beds
- 2baths
- 1,572sqft
Summertown, Tennessee
Assumable homes for salein Summertown, Tennessee.
4 homes in Summertown carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.84%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Summertown assumable market
by the numbers.
4active assumable listings
2.84%lowest locked rate
$370kmedian list price
$418saved per month vs. 7.2%
About the market
Assumable mortgagesin Summertown, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Summertown. Updated October 2026.
How assumptions work for buyersSummertown, Tennessee has 4 homes for sale with an assumable mortgage as of October 2026: 4 FHA loans that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Summertown assumable listings start at 2.84% with a median of 5.29%; 2 listings are under 4% and 2 are under 5%.
The median assumable home in Summertown lists for $369,950, with a median of $116,813 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $1,436 a month versus $1,854 for the same balance at today's rate, roughly $418 kept every month and $5,018 a year. The most active Summertown ZIP codes are 38483 (4).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Summertown assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Summertown
View all 4 on the map Homes on the marketin Summertown.
FHA
Active
23$330,000$90,509 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $1,120/mo
$1,870today
- 3beds
- 2baths
- 1,512sqft
9372 Elk Ridge Rd, Mount Pleasant
FHA
Active
28$239,900$106,328 equity gap
- Rate
- 2.87%
7.40%today- Payment
- $639/mo
$1,067today
- 3beds
- 2baths
- 1,272sqft
1414 Triple K Ave, Lawrenceburg
FHA
Active
26$174,900$101,593 equity gap
- Rate
- 3.23%
7.40%today- Payment
- $369/mo
$588today
- 3beds
- 2baths
- 1,116sqft
408 Hill St, Mount Pleasant
FHA
Active
58$250,000$175,083 equity gap
- Rate
- 3.59%
7.40%today- Payment
- $512/mo
$780today
- 3beds
- 2baths
- 1,700sqft
174 Mavis Dr, Ethridge
VA
Active
45$1,299,000$1,018,758 equity gap
- Rate
- 3.80%
7.40%today- Payment
- $1,765/mo
$2,623today
- 4beds
- 4baths
- 4,269sqft
1650 Ricketts Mill Rd, Mount Pleasant
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Inventory snapshot
What’s in the mixin Summertown.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 4
- UMe Certified / verified
- 0
- Lowest rate
- 2.84%
- Median rate
- 5.29%
- Median list price
- $369,950
- Median cash to assume
- $116,813
Summertown listings by locked rate
- Under 4%2 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up2 homes
Summertown listings by loan type
- FHA4 homesmedian 5.29%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Summertown ZIP code.
Each ZIP opens the Summertown map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Summertown numbers
What an assumable ratedoes to a Summertown payment.
The sliders start at the median Summertown assumable listing: $369,950 list price and a 5.29% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$115,000
31% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Summertown
$1,507/mo
New loan at 7.20%$1,731
Assumed at 5.30%
$1,507
Every month$224
Over five years$13,411
Interest you never pay$152,82226-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Summertown listing on UMe shows the actual balance, rate, and payment.
How it works in Summertown
How to assumea mortgage in Summertown.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Summertown home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Summertown map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $116,813 in Summertown today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Summertown payment written in a different decade.
Summertown questions
Assuming a mortgagein Summertown.
The numbers below come from current Summertown inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Summertown?
As of October 2026, UMe tracks 4 active assumable listings in Summertown. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Summertown?
Current Summertown inventory breaks down as FHA (4, median 5.29%). FHA, VA, and USDA mortgages are assumable by law, which is why they make up nearly all assumable listings. Conventional loans usually carry a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan, though the seller's entitlement stays tied up unless you substitute your own.
What is the lowest assumable mortgage rate in Summertown?
The lowest rate on an active Summertown assumable listing is 2.84%, and the median across all 4 listings is 5.29%. 2 listings are under 4% and 2 are under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Summertown?
Across current Summertown listings, the median principal-and-interest payment on the assumable loan is $1,436 per month versus $1,854 for the same balance at today's rates, a difference of about $418 every month, or $5,018 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.
How much money do I need to assume a home in Summertown?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Summertown that gap is currently a median of $116,813 on a median list price of $369,950. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which Summertown ZIP codes have the most assumable homes?
The Summertown ZIP codes with the most active assumable listings are 38483 (4). Use the map to draw your own boundary or filter by rate, payment, and down payment inside any of them.
How long does a mortgage assumption take in Summertown?
Most FHA and VA assumptions close in 45 to 90 days. The loan servicer, not a new lender, underwrites you, and servicer turnaround is the main variable. UMe tracks the file with the servicer and the listing agent so nothing stalls, and every listing shows whether the assumption has already been confirmed with the seller's side.
Nearby markets
All of Tennessee More assumable homesin Tennessee.
Ready when you are
Stop overpaying for Summertown.The rate is already on the house.
Every listing on the Summertown map has a rate you can take over. Start with the ones in Summertown, get pre-qualified in minutes, and let UMe carry the assumption to closing.
