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An assumable mortgage on a penthouse at the Avery in San Francisco is being…

2026-02-26 · 17:13 UTC ·laurenlself ·1 min read

Brief

An assumable mortgage on a penthouse at the Avery in San Francisco is being promoted as rare by @laurenlself: a $5M ARM fixed at 1.875% with $7,813 monthly payments until October 2030, then annual adjustments (200bp per adjustment max) up to a 6.875% cap. The seller claims assuming it saves ~ $23k/month and about $300k in upfront cash-to-close.

Source evidence

title: @laurenlself: Assumable mortgage expert here. An assumable like this in SF is RARE! This home ...
author: laurenlself
contenttype: twitterpost
published: 2026-02-26T17:13:53+00:00
source_url: https://x.com/laurenlself/status/2027125934156091589/photo/1

word_count: 125

Tweet by @laurenlself

Assumable mortgage expert here. An assumable like this in SF is RARE! This home has a $5m adjustable rate mortgage fixed at 1.875% w/ a $7,813/mo payment until Oct 2030 when the first adjustment occurs and amortization starts. Interest rate adjustments can occur every 12 mos thereafter, but never more than 200bps per adjustment, and the rate can never exceed 6.875%. One can save about $23k/mo by assuming this loan, not to mention the savings in closing costs, which will result in needing about $300k LESS cash to close! DMs open for any questions about how assumptions work! Who wants it? 👀

Posted: 2026-02-26T17:13:53.000Z
Engagement: 75 likes, 5 retweets, 17 replies

Quoting @rohindhar

Penthouse condo for sale at the Avery building in San Francisco

Per listing, there is an assumable mortgage with a 1.87% interest rate