2024 = Home price: $400,000 Down payment: $80,000 Mortgage: $320,000 Interest rate: 7.5% Monthly payment (before taxes & fees): $2,237 2021 = Home price: $400,000 Down payment: $80,000 Mortgage: $320,000 Interest rate: 3% Monthly payment (before taxes & fees): $1,349
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@DecadeInvestor That’s just part of the equation. 2024 house is a much smaller house in a much worse neighborhood than the 2021 house. You’re paying $1000 a month more for a much worse house than in 2021
@DecadeInvestor I will die with my 3.125% rate. Dave Ramsey can call me stoooopid all day.
@DecadeInvestor A pile of dirt is pretty much what you get for 400k