Yes, the existing first mortgage can be assumed (or 'take over'). Information is provided here as an 'estimate only' as follows: With the 'Maker's' written approval, the existing mortgage is assumable with an approx. $115,742.01 outstanding balance payable approximately $719.00 per month (including principal and interest) @ 6% interest per annum (amortized over ___ years) with a balloon payment of approx. $______________( to be determined by an amortization schedule) due and payable on or before 9/11/2027). No pre-payment penalty.