When rates drop, your monthly payment shrinks—or your budget grows. Here is exactly how a lower rate changes the numbers on a typical $500,000 home loan.
OLD RATE (7.0%)
$3,326
Monthly Payment
NEW RATE (6.5%)
$3,160
Monthly Payment
YOUR SAVINGS
$59,760
Over 30 Years
Inventory is moving fast.
Lower rates mean more buyers are entering the market. Secure your financing now so you can make a winning offer the moment you find your home.