| |
As interest rates rise, you lose your purchase power!
Don't wait till rates rise to buy!
1% rise in interest rate reduces your puchase power by 11%!
Interest
Rate |
Payment |
Loan
Amount |
Purchase
Power |
Purchase
Power Lost |
| 4.750% |
$ 1,600 |
$ 306,721 |
$ 383,401 |
-- |
| 5.000% |
$ 1,600 |
$ 298,051 |
$ 372,564 |
- 2.8% |
| 5.250% |
$ 1,600 |
$ 289,748 |
$ 362,185 |
- 5.5% |
| 5.500% |
$ 1,600 |
$ 281,795 |
$ 352,244 |
- 8.1% |
| 5.750% |
$ 1,600 |
$ 274,173 |
$ 342,716 |
- 10.6% |
| 6.000% |
$ 1,600 |
$ 266,867 |
$ 333,584 |
- 13.0% |
| 6.250% |
$ 1,600 |
$ 259,859 |
$ 324,824 |
- 15.3% |
| 6.500% |
$ 1,600 |
$ 253,137 |
$ 316,421 |
- 17.5% |
| 6.750% |
$ 1,600 |
$ 246,686 |
$ 303,358 |
- 19.6% |
|
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