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

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.