Buy a Dearborn Michigan Home »» Home Buying Tips »» Get a Buyer's Agent in Dearborn MI »» How to Buy a House »» Buyer Representation
   Call Steve
   eMail Steve
   Text Steve
   Business Card
   Site Map
Search the MLS
For Homes
FREE! Dream Home Finder
Is Your Dream Home For Sale?
What is Your Home Worth?
FREE Home Value Report
Home
 
    Meet Steve
    About ABR, CRS, e-PRO
    Client Testimonials
    Featured Homes for Sale
    Search Homes for Sale
    Home Buying Guide »
Selecting an Agent
Use a Buyer's Agent
Agency Disclosure
10 Steps to Buying
1st Time Buyers
Expert Advice
Foreclosed Homes
Short Sales
Property Tax Facts
Your Credit Score
Mortgage Application
Interest Rates = $$
Truth in Lending
Terms and Definitions
Mortgage Calculator
    Home Selling Guide
    Lead Paint Guide
    Home Inspection Guide
    Community Guides
    Take a Tour of Dearborn
    Home News and Views
    Real Estate Update
    Local Links and More
    Return to Home Page
Contact Steve Now!

| More

 
Home Buying Guide

If you wait to buy a home and interest rates go UP, how much will it cost you?

The answer is...it could literally cost you TENS of THOUSANDS of dollars!

Often people don't equate the difference in interest rates with how much it will really affect your payment...and just how much it will cost you in the long run. Below are some examples of what it will cost you if you wait to buy a home and rates go back up again as predicted by many major sources.

Rates are incredibly low right now and when you factor that into the exceptionally low home prices, it is a fantastic time to buy a home!!

If you are thinking about buying a home in the Dearborn, Dearborn Heights, Livonia, Canton, Plymouth, Novi, Westland, Redford, Garden City, Farmington, Allen Park, Taylor, and Southgate Michigan, don't wait...contact Steve Hatfield to assist you with your home purchase today!

$50,000 30 year fixed rate mortgage:
If the current
interest rate is...
When interest rates
go UP to...
Extra $$ you'll pay
per month
Extra $$ you'll pay
per year
Extra $$ you'll pay
over 30 years
5-1/2% 6-1/2% (up 1%) $32.00 $384.00 $11,520
5-1/2% 7-1/2% (up 2%) $65.50 $786.00 $23,580
5-1/2% 8-1/2% (up 3%) $100.50 $1,206.00 $36,180


$100,000 30 year fixed rate mortgage:
If the current
interest rate is...
When interest rates
go UP to...
Extra $$ you'll pay
per month
Extra $$ you'll pay
per year
Extra $$ you'll pay
over 30 years
5-1/2% 6-1/2% (up 1%) $64.00 $768.00 $23,040
5-1/2% 7-1/2% (up 2%) $131.00 $1,572.00 $47,160
5-1/2% 8-1/2% (up 3%) $201.00 $2,412.00 $72,360


$150,000 30 year fixed rate mortgage:
If the current
interest rate is...
When interest rates
go UP to...
Extra $$ you'll pay
per month
Extra $$ you'll pay
per year
Extra $$ you'll pay
over 30 years
5-1/2% 6-1/2% (up 1%) $96.00 $1,152.00 $34,560
5-1/2% 7-1/2% (up 2%) $196.50 $2,358.00 $70,740
5-1/2% 8-1/2% (up 3%) $301.50 $3,618.00 $108,540


$200,000 30 year fixed rate mortgage:
If the current
interest rate is...
When interest rates
go UP to...
Extra $$ you'll pay
per month
Extra $$ you'll pay
per year
Extra $$ you'll pay
over 30 years
5-1/2% 6-1/2% (up 1%) $128.00 $1,536.00 $46,080
5-1/2% 7-1/2% (up 2%) $262.00 $3,144.00 $94,320
5-1/2% 8-1/2% (up 3%) $402.00 $4,824.00 $144,720


It is a GREAT time to buy a home so take advantage of today's low home prices and low mortgage interest rates.

The cost to you to receive expert buyer representation provided by Steve Hatfield is ZERO $$!
That's right...FREE Buyer Representation!!

Put Steve Hatfield's 23 years of experience to work for you... Contact Steve now!


Buyer's Guide Next Topic: Truth in Lending

Click here for a full list of Home Buying Guide topics



 Buying a Home?   Fill out Steve's online Buyer Inquiry Form
 Selling a Home?   Fill out Steve's online Seller Inquiry Form


Back to Top
Return to Home Page.
Contact Steve.
.
| More
 


  Steve Hatfield
REALTOR® ABR, CRS, e-PRO Certified
CENTURY 21 Curran & Christie
25636 Ford Road
Dearborn Heights, MI 48127
Office: (313) 274-7200
Contact Steve Now
Text Message: www.TextSteve.com
Print Steve's Business Card


Licensed Realtor® Since 1987 (#6501221773)
realtor Accredited Buyer Representative Certified Residential Specialist e-PRO

Steve Hatfield, Realtor® provides professional real estate / home buying services to buyers and sellers in Dearborn Michigan, Dearborn Heights Michigan, the Wayne County MI (Southeast Michigan) communities of Livonia, Canton, Redford, Westland, Garden City, Plymouth, Northville and the Oakland County cities of Farmington / Farmington Hills and Novi Michigan.

Equal Housing OpportunityIn accordance with the law, the properties, real estate services and homes for sale featured on this web site are offered without respect to race, religion, color, creed, national origin, sex, physical limitations / disabilities or familiar status.

REALTOR® is a registered collective membership trademark that identifies a real estate agent / professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict code of ethics.

Century 21 Real Estate Corporation © and sm trademark and servicemark of Century 21 Real Estate Corporation. Equal Housing Opportunity. Each office Independently Owned and Operated.

Copyright © 1996 - Steve Hatfield
COPYRIGHT NOTICE:.
Graphics and content may not be reproduced or copied in any way with out written permission from Steve Hatfield.