In South Florida's real estate market, every dollar counts, especially when mortgage rates are hovering near 6.5 %. But one Brickell condo buyer found a way to cut those costs nearly in half.

Paul Turcutto traded his West Coast life in California for the sleek skyline of Miami's Magic City.

"I like that Latin flair, that Latin culture that's here, obviously," he said.

Turcutto knew he wanted a condo in Brickell, but he didn't want to be locked into today's rates.

"I was looking for something that I can plant some roots in and a place that I could stay for a while," he said.

The answer was a loft-style unit on the 28th floor with sweeping views and a much lower rate.

What's an assumable mortgage?

"In the case of Paul, he was able to get a 2.6% rate at a time where 6.4% was available.

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