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The only loans that are typically assumable these days are VA loans. VA loans can be assumed by a qualified VA buyer. Typically the buyer will have to make a down payment to cover the sellers equity and closing costs in order to assume a VA loan.
If you want to see if your existing loan is assumable look at the agreement. Then talk to the lender about specific requirements to assume the loan
Assumable loans allow one to take over a loan from another with no change in the terms of the loan. These types of loans still exist but they are getting very uncommon in a today’s low-interest-rate environment. Most new assumable loans are adjustable rate mortgages.
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