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  Assumption Fee Definition
Assumption Fee An assumption fee is the fee that is paid to the lender when a home buyer assumes the sellerís mortgage when purchasing a property. If you are purchasing a home and assuming the sellerís current mortgage, you will normally be required to pay this fee to the lender at the time of closing. The fee covers the processing costs incurred by the lender when they transfer the loan to the buyer.
   
   
   


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