Three Price Points of Homeownership
1. Scott | The Starter:
Scott is a newbie in the home buying game, considering a townhouse that has a market price of $250,000. With a 20% down payment, a 30-year mortgage, and an interest rate of around 5%, Scott’s monthly payment would come to about $1,074. Include property taxes, insurance, and any potential HOA fees, and his total monthly expenses would come up to around $1,374.
2. Emily & Matt | The Upgraders:
Emily and her husband Matt are expecting a baby and need more room. The home of their dreams carries a price tag of $500,000. With a 10% down payment, a 30-year mortgage, and an interest rate of 5%, their monthly payment would be around $2,684. Incorporating property taxes, insurance, and potential HOA fees, the total monthly expense would be approximately $3,484.
3. Hilary | The Idealist
Hilary has discovered her dream property in the perfect neighborhood. This exquisite property is priced at about $1 million. With a 20% down payment, a 30-year mortgage, and an interest rate of 5%, Hilary's monthly payment would be $4,295. Include property taxes, insurance, and possible HOA fees, and Hilary’s total monthly outlay is estimated at about $5,895.
Using these characters can get a rough idea of what you would be paying at different price points. For accurate prices, interest rates, and monthly expenses, talk with a trusted mortgage advisor and get personalized information.
Ready to take the next step? I would be happy to connect you with a trusted mortgage lender and get you set up to receive automated emails each time a home that fits your criteria hits the market.
Stay up to date on the latest real estate trends.
Spring is the perfect time to refresh your home, and what better place to start than the kitchen?
If you’ve ever wanted to start a garden but felt limited by space (or time), square foot gardening might be the perfect solution.
Starting seeds indoors might seem tricky, but it’s actually pretty simple—and super rewarding!
Thinking about buying a brand-new home?
Sometimes, a little getaway is just what you need to relax and reconnect.
Finding the perfect place to call home is about more than just a house—it’s about the community and lifestyle.
Valentine’s Day décor doesn’t have to be bold or flashy. A softer, understated approach can add a romantic touch while keeping your home stylish and inviting.
As temperatures drop and winter approaches, homeowners in Georgia should take steps to protect their homes from cold weather challenges.
The age-old belief that you need a massive 20% down payment to buy a home is simply outdated.
Born and raised in the peach state, I take pride in what I do and genuinely enjoy helping my clients. Let me be your go-to gal in real estate and help you personally through the process!