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Why Now Is A Good Time To Buy?

Friday, August 7, 2020   /   by Jessica Peterson

Why Now Is A Good Time To Buy?

Despite being in the midst of a global pandemic, one REALLY good reason to buy now is because of the low market rates. Check out the scenarios below:

Sales Price $500k w/
4% interest rate

 

 

$2,387.08  | Monthly Payment

$859,348   | Total of 360 Payments

$359,348   | Total Interest Paid

July 2050   | Pay-off Date

TODAY'S MARKET RATE

 

Sales Price $500k w/
2.5% interest rate

 

$1,975.60  | Monthly Payment

$711,218   | Total of 360 Payments

$211,218   | Total Interest Paid

July 2050   | Pay-off Date

Sales Price $500k w/
3% interest rate

 

 

$2,108.02  | Monthly Payment

$758,887   | Total of 360 Payments

$258,887   | Total Interest Paid

                                                                                                                                                  July 2050   | Pay-off Date


Based on the scenarios above and the lower interests rates, it is possible to get a home with much lower monthly payments. Now is a great time to take advantage! 
If you are interested in more information or signing up for a one-on-one consultation, feel free to contact us at ContactUs@MGResidential.com or 202.750.8000.

Menkiti-Mason Group at Keller Williams Capital Properties
3401 8th Street NE
Washington, DC 20017
202-243-7777

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Menkiti-Mason Group at Keller Williams Capital Properties participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2020 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: October 1, 2020 3 AM.
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