Admin

Time = Money

By
Real Estate Agent with Long and Foster REALTORS

Time = Money

A look at interest rates & buying power:

Loan Amount Int over 10 yrs Int over 10 yrs Savings  
  w/ 6.375% w/ 7.00% Total Savings Monthly Savings
$400,000 $237,492 $262,594 $25,102 $209.18
$500,000 $296,865 $328,243 $31,378 $261.48
$600,000 $365,238 $393,892 $37,654 $313.78
$700,000 $415,611 $459,540 $43,929 $366.08
$800,000 $474,984 $525,189 $50,205 $418.38
$900,000 $534,357 $590,838 $56,481 $470.68
$1,000,000 $593,730 $656,487 $62,757 $522.98