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Crystal Kirchhoff's Blog

By Crystal Chase-Kirchhoff | Broker in Bozeman, MT

Buying Power!!!

BUYING POWER OF TODAY'S 3.75% INTEREST RATE!

Something for you to think about.

Today's interest rate for FHA is ONLY bopping around 3.75%, with ONLY a 3.5% down payment...

So if you bought a home for $200,000, your mortgage payment would be APPROX $1193/month (assuming your taxes per/yr=$1700 and mortgage insurance per/yr=$1891).

Now...WHEN interest rates rise just 1% (Not IF but WHEN) That same $1193 Mortgage Payment will now only buy you a $180,000 Home.

That's a HUGE difference in price and what we will be able to afford.

WHAT IS YOUR BUYING POWER???

Questions about Conventional and RD rates, Call me! Lets talk!

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