Health & Fitness
You just lost $51,066!
Average home buyers now pay $51,066 extra when they buy their $625K home with 20% down. Here's how.
Interest rates on home loans rose one-half of a percent this week. What does that mean to you if you are an average homebuyer?
It means you just lost $51,066 over the life of your $500,000 loan on a 30 year fixed-rated loan at 4%, vs. that same loan you could have locked in last week at 3,5%!
Do you think loan rates are going back down? Indicators point to that scenario not in the future.
Find out what's happening in Redwood City-Woodsidewith free, real-time updates from Patch.
Now is the time for you to move and buy your home. Don't get priced out of the market with procrastination. Do it now...call/text/email me.
Example:
Find out what's happening in Redwood City-Woodsidewith free, real-time updates from Patch.
Purchase Price: $625,000
Down: $125,000
Loan: $500,000
@3.5%: $2245.20
@4.0%: $2387.05
Difference in payments: $141.85/mo. - $1,702.20/yr - $51,066 over 30 years.