Page 10 - Buying Your Home with RAREnorthwest
P. 10
Interest Rates
1% - 10% RULE
Loan Amount $__________ $__________ $__________
Interest Rate 3%
4% 5%
Your Budget (remains constant) $_________
$_________ $_________
A 1% difference in Interest Rates effects Purchasing Power by 10%. Lower interest rates = more home for the same monthly payment.
