ShareThisCost and Price of Homeownership!
When purchasing a home you should look at the COST not just the PRICE. The cost is determined by the price and the mortgage interest rate which is available at the time. Below is a list of the interest rates over the last ten years and the impact they have on a $100,000 mortgage payment. Triple this impact for the average $300,000 purchase and you can see the COST of the home is almost $500 less today than in 2003 and interest rates were considered good in 2003! Don’t wait too long! Now is a excellent time to buy a home!
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