Trying to decide whether the rent or buy? Befre you start shopping, get a better sense of what your money can get you.* The monthly payment amounts do not include homeowners insurance or property taxes, which must be paid in addition to your loan payment. Your actual payment will be higher.
| $1,000 per month
$178,750 Sales Price based on a $143,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$1,500 per month
$268,000 Sales Price based on a $214,400 loan amount and a 7.5% interest rate (7.768@ APR)** |
$2,000 per month
$357,500 Sales Price based on a $286,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$2,500 per month
$446,750 Sales Price based on a $357,400 loan amount and a 7.5% interest rate (7.768@ APR)** |
| $3,000 per month
$536,000 Sales Price based on a $428,800 loan amount and a 7.5% interest rate (7.768@ APR)** |
$3,500 per month
$625,750 Sales Price based on a $500,600 loan amount and a 7.5% interest rate (7.768@ APR)** |
$4,000 per month
$715,250 Sales Price based on a $572,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$4,500 per month
$805,000 Sales Price based on a $644,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
| $5,000 per month
$895,000 Sales Price based on a $716,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$5,500 per month
$984,000 Sales Price based on a $787,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$6,000 per month
$1,007,250 Sales Price based on a $858,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$6,500 per month $1,116,250 Sales Price based on a $930,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
| $7,000 per month
$1,251,000 Sales Price based on a $1,001,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$7,500 per month
$1,341,250 Sales Price based on a $1,073,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$8,000 per month
$1,430,000 Sales Price based on a $1,144,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$8,500 per month
$1,520,000 Sales Price based on a $1,216,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
| $9,000 per month
$1,608,750 Sales Price based on a $1,287,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$9,500 per month
$1,695,000 Sales Price based on a $1,356,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$10,000 per month
$1,787,5005Sales Price based on a $1,430,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
$10,500 per month
$1,877,500 Sales Price based on a $1,502,000 loan amount and a 7.5% interest rate (7.768@ APR)** |
For more information, please contact me or Prosperity Home Mortgage!
These examples are provided for educational and illustrative purposes only. Examples in Blue by Prosperity Home Mortgage, Green by me.
* The monthly payment amounts do not include homeowners insurance or property taxes, which must be paid in addition to your loan payment. Your actual payment will be higher. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR.
Closing costs vary by area. Contact your Mortgage Consultant for closing costs in your area.
** This is an illustration and does not reflect your actual loan information, cost or the exact interest rate for which you may qualify. Interest rate and annual percentage rate (APR) are based on current market conditions as of 02/28/2024, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Please contact us for current interest rates. Your loan’s interest rate will depend upon the specific characteristics of the loan transaction and your credit profile up to the time of closing. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed and all products may not be available in all borrower’s geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Concept ©2024 Prosperity Home Mortgage, LLC. (877) 275-1762
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