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Show - : ; " I JOHN HARR SR. ft JOHN HARR JR- 756-5033 JL 768-8072 r Interest Down - Cost Up ! ' Are you waiting until interest' would likely cost $93,312. If the in- j rates drop before you buy a home? terest rate decreased to 13, " j a Do you think that this will save you only would the down payment money? The home you have your $2,662 more, but the mon'". j eye on will cost you more'in monthly payment would increase to $M Jjj payments two years from now -- If the interest rate stayed at m even if the interest rate drops one payment would come to $898.79. percent. So, it's obvious that the ovj For example, take a home that value of the home -- not the ime - costs $80,000. With a 20 down- rate --makes the biggest impa payment and financed with a 25 your monthly payment. SincevauS r- year, 14 mortgage, the monthly is no indication of P1"0 j( payment would be $770.56. But two decreasing, the moral of he si - years from now, if the price rose at - Buy now or pay more later. 8 per year, the now $80,000 home If there is anything we can do to help you in the field of real estate, please S5 phone or drop in at ERA - MOUNTAIN LAND REALTY, 590 W. State, Pleasant Grove. Phone John Jr. 785-5013. We're here to help. 1 |