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Same purchase price.
But when all is said and
Same downpayment. done, the family on the
right will pay $132,125
Same initial interest %. less for the same condo.
With a purchase price The same purchase
of $500,000 and a price & downpayment,
downpayment of 20%, but this family
this family stuck with refinanced after 10
their original 30-year years to a 15-year at
mortgage at 5%. 2.25% (APR 2.369%)*
Total paid: $873,024 Total paid: $740,899
*Based on current rates for 15-yr fixed mortgage, with 0 points. Your rate will vary.
Lipa Kish Abraham Gluck Joel Kepecs Joe Nakach
NMLS ID 859435 NMLS ID 62257 NMLS ID 1588557 NMLS ID 1894245
718-215-8502 718-215-8504 718-215-8516 718-215-8505
ArkMortgage
The Better Way Home
Ark Mortgage Inc. | NMLS ID 103915 | www.arkmortgage.com | 333 Rutledge St, Suite 202 • Brooklyn, NY 11211 | NMLS ID 103915
Licensed Mortgage Banker, NYS Dept of Financial Services | Licensed Residential Mortgage Lender, NJ Dept of Banking & Insurance