assumable

adjective

as·​sum·​able ə-ˈsü-mə-bəl 

: capable of being assumed

an assumable mortgage

assumable loans

We have assumed that a high quantity of learning equals a high quality of learning. Indeed, we have even taken this one step further, beyond what is logically assumable.

—Paul J. Lundrigan, Education Policy Review, November/December 1992

assumability

ə-ˌsü-mə-ˈbi-lə-tē 

noun

Assumability, or the ability of the mortgage loan to be transferred to a new owner should the property be sold, has become a vital difference among mortgage types as interest rates have escalated.

—Thomas R. Harter, The McGraw-Hill Real Estate Handbook, 1984

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