Financing
Mortgage rates are still very low and present Buyers with an
opportunity to buy more of a home for the same monthly payment.
The following is an example for a quick comparison.
Lets say you can budget $700.00 per month for your payment on the
mortgage. If you were to work with a 30-year mortgage at 7.50%
interest, considered a good rate a few years ago, you would be able
to afford a home worth about $100,000. Now if you obtained an
interest rate of 6.00% you would be able to afford a home worth
almost $117,000. Use the mortgage calculator below to play with
some different factors to see what you may be able to buy based on
your own financial ability.
opportunity to buy more of a home for the same monthly payment.
The following is an example for a quick comparison.
Lets say you can budget $700.00 per month for your payment on the
mortgage. If you were to work with a 30-year mortgage at 7.50%
interest, considered a good rate a few years ago, you would be able
to afford a home worth about $100,000. Now if you obtained an
interest rate of 6.00% you would be able to afford a home worth
almost $117,000. Use the mortgage calculator below to play with
some different factors to see what you may be able to buy based on
your own financial ability.
| MID FLORIDA REAL ESTATE BROKERAGE Office 352-589-0444 Fax 352-589-8381 Toll free 1-877-405-0444 info@mid-fl.com |
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