Hey team, hope everybody is doing well. Happy spring. It’s a beautiful day here in Salt Lake City, Utah Hope everybody’s doing well.
Hey this month is we’re kind of in the heart of the spring buying season
Been getting a lot of questions in addition to interest rates and tariffs and all that kind of fun Good times that we’re having but more importantly people want to know hey, what’s the payment going to be?
So I’m showing this to you again And I did this a couple months ago and I wanted to kind of reiterate it and I have this as a resource for you.
So let’s look at a couple different price points and I’m going to talk about a couple quick transactions I’ve got going.
To kind of show you what I’m getting at here. So what this is is, um, This is your purchase price over here.
I kind of put this into fifty thousand dollar increments and then with The ubiquitous sort of five percent down so you have the corresponding loan amount What the actual payments are including everything, you know principal interest taxes and insurance the full meal deal And so on these lower loan amounts
i’m also thrown in here You got to add in the HOA so these payments do not include the HOA, but let’s give you an example I’ve got some clients that just went under contract on a place in Lehigh for $351,000. They are putting down about 5% so they’re going to end up really close to these numbers.
And that payment is roughly 2,400 bucks a month plus the HOA fee in this case. They found one that’s only $160 so that’s pretty good But that at least gives you a ballpark of kind of what you’re looking at Got some other folks that kind of split the difference.
I have a gal that went under contract for 430 on a single family home Putting five percent down kind of lands her in the middle at about 405 And that payment when you split these in the middle is just over three thousand dollars a month just right around three grand and then finally I’ve got some other
folks buying a place that are splitting the difference here they’re buying something for five and a quarter in Murray kind of my fashion place Putting five percent down financing.
It’s just under five hundred thousand even so again splits the difference And it’s just over 3,600 bucks a month is they’re all in taxes are a little bit cheaper in that part of the the city in midville, so, um The fashion place area, I guess, uh murray technically, but anyway, yeah right around 3,600.
So have a quick look at this chart Again, happy to send this to you as kind of a ready reference, kind of a quick and dirty little reference.
But this tells you kind of where things are at with, again, rates still being around, you know, high sixes or so.
This is pretty darn close to being there. And, uh, right on the button for you. So as always, thanks so much for watching.
If you have any questions, please reach out never too busy to help and, uh Thanks again. We’ll, uh, we’ll talk to you soon.
Take care Thank you your support.
