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Buyers

WHAT IS THE COST OF WAITING TO PURCHASE A HOME IN THE DC AREA?

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What is the Cost of Waiting to Purchase a Home in the DC Area?

The following chart shows an analysis of a buyer purchasing a $500,000 home, with a 5% down payment.  

And let’s just assume that interest rates stay the same for the next 3 years. That’s unlikely, but let’s be optimistic for the time being!

Waiting 1 year may cost you $35,000 more!  Waiting 3 years may cost you $74,000 more! 


Let Tracey & Joe help you get to the finish line soon!

 

Article Courtesy of:
Joe Dawson | Home Loan Expert
Mission Mortgage
Tel: 703-376-1967

 

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