Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Assumption Fee Assumption Fee November 9, 2021 The fee paid to a lender (usually by the purchaser of real property) resulting from the assumption of an existing mortgage.You Might Also Like: Everyday MoneyDiscover the Power of Bank Five Nine’s Digital Banking Tools Everyday MoneyBeware of QR Code Fraud: What You Need to Know Everyday MoneyWinter Budgeting Tips: Simple Strategies to Stay Financially Cozy This Season Everyday MoneyUnderstanding and Maximizing Credit Card Rewards for Smart Financial Benefits Everyday MoneyProtecting Seniors from Financial Scams