Let's say you buy a house for $750,000 with $25,000 downpayment, your loan is $725,000 @ 3.49%.
Your mortgage is $3252/mo (A lot of money, but rent is likely $3500-$4000).
To see how you can sell a current home and/or buy a San Diego home, call me today George 619-846-1244.
- With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
- According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
- The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.
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