If your not sure if you can buy a home, try out this calculator out to see how if compares paying rent or paying for a mortgage. Here is a simple calculator that can help you see the options for you. These are some values you need to consider:
FHA Loans
Percent of money down required 3.5%
Conventional Loans
Percent of money down minimum 5% or up to 20%
Home Appreciation/Deprecation Value from HUD is 2.1%
Current interest rates today are hovering around 3.5-3.8%
Buy vs Rent Calculator
Contact the Hoffman Home Team to learn more or answer any questions you may have about renting vs buying a home.
Office: 303-539-5395
Direct: 303-949-9770
No comments:
Post a Comment