Some lenders will offer an assumption clause as part of a mortgage note. In effect, an assumption clause gives the homeowner an opportunity to sell their home with the mortgage already taken care of. For many homeowners, this is a great selling point since the borrower will not have to go through the entire loan approval process. This does not mean to assume that a mortgage will be free from any type of issues. Assumption clauses do create some issues for the buyer, including the amount of the mortgage versus the sale price. For example, if you are purchasing a home for $200,000 and the seller has a $100,000 assumable mortgage, you will still have to obtain a mortgage for the balance or pay the difference in cash. Assumption clauses generally include a fee to transfer the mortgage from one borrower to another. Any loan that contains an assumption clause also cannot contain a due on sale clause.