The True Cost of a Home
Everyone says that you have to spend more to get more. What if STL Real Estate said you could spend less every month, but get more!
It’s all about buying smart! The true cost of a home is not all about the price tag. What’s interesting is that you can buy your dream home for $400,000 for the same cost as a $360,000 home. This could be the difference of whether or not you get the in ground pool you have always wanted, just like this home located at 2361 Hidden Deer Dr, O’Fallon, MO.
Do you ever feel like you won’t be able to afford the monthly payment on a dream home like this?
Check this graph out before giving up! ￼It’s all about the interest rate!
Take a look at a $360,000 home at 5.50% interest. In comparison to a $400,000 home that has an interest rate that is only 4.50%. The $400,000 home actually has a lower monthly payment! The true cost of the $360,000 home isn’t as it seems when you actually consider the long term.
Don’t just focus on the price listed when buying a home, you might be surprised what you can afford when you consider the interest rate.
If you have any questions or are looking for assistance, our licensed realtors Stephanie Dacey and Andrea Nappier are professional negotiators. They know exactly how to get you an affordable monthly payment and get you into that home you have always wanted.
Contact STL Real Estate so we can help you buy your dream home today!