Interest rates are at an all time LOW!! Now is the time to buy the house you've been dreaming of or refinance your current home! Currently rates are 4% for a 30 year fixed conventional loan. The 20 year average rate is 6.93% To break it down simply, if you borrow $300,000 from the bank your montly payment including principal and interest only will be:
4% - $1432.25.
5% - $1610.46
6% - $1798.65
6 7/8 - $1970.79
If you lock in an interest rate of 4% you will save big time bucks over the life of the loan.
4% vs 5%- You save $178.21 each month, $2138.52 each year and $64,155 over the life of the loan!
4% vs 6%- You save $366.40 each month, $4396.80 each year and $131,904 over the life of the loan!
4% vs 6 7/8% (the average interest rate over the last 20 years)-
You save $538.54 each month, $6462.48 each year, and $193,874 over the life of the loan!
There has never been a better time to buy, build or refinance! If you have any questions about buying, selling or refinancing I'd be happy to help!
Special Thanks to Parker County Mama Alicia Brunson
Phone: 817-441-7707 | Cell: 817-680-7786
Fax: 817-441-7993 E-mail: alicia@pamsnowden.com
http://aliciabrunson.imxagents.com/
http://myrealtoralicia.blogspot.com/2011/06/parker-county-mama.html
No comments:
Post a Comment