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How 65k Income Buys 4339 Loma & Preserve Equity With a full shift in power from a seller's market to a buyer's market, both sellers and buyers need to reevaluate the best approach to a transaction. The examples below illustrate how a simple seller credit towards the buyer's Interest Rate can produce significant monthly savings for the buyer. Traditional

15K Price Reduction

Less Than 8k Rate Reduction

Sales Price

$325,000

$310,000

$325,000

Down Payment %

3.5000%

3.5000%

3.5000%

Loan Amount

$313,625

$299,150

$313,625

Program

30Y Fixed

30Y Fixed

30Y Fixed

5.125% / 5.341%

5.125% / 5.351%

4.625% / 4.834%

Term

Amortized

Amortized

Amortized

Payment

$2,407.65

$2,328.83

$2,312.47

$67,980.63

$66,155.28

$64,993.27

$78.81

$95.18

Rate / APR

Income to Qualify Monthly Savings

In this example we used 2.0 in points or $6,500 to buy down the interest rate from 5.125% to 4.625% resulting in a net savings of $95.18 per month. Also, the points are a t ax deduction in the year the property is purchased for the buyer. Please consult your CPA for specific information. This example is to show you the power of reducing Rate versus Price. Let’s meet and discuss how this strategy can help you finance or sell the home of your dreams!

EQUAL HOUSING LENDER

Mark Kvare Mortgage Planner 866-509-0587 www.YourAnchorFunding.com Mark@YourAnchorFunding.com Anchor Funding 3750 Convoy St Suite 320 San Diego · CA · 92111

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