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Rates &
Indicators
Rate
Chg
30 YR Fixed
6.50%
15 Yr Fixed
6.25%
Option ARM
1.25%
Fed Prime
8%
as of 8/30/2008
Know Your Budget
How Much Home Can I Afford?
$
Amount you plan to use for the down payment.
$
Amount you plan to pay each month.
Years you plan to finance the mortgage.
%
Interest rate you plan to get on your loan.
$
This is the approx. cost you can afford.
There's no point wasting time and energy house-hunting before you
know what you can afford
. So your next step is to assess your finances:
Find out about interest rates
Understand your closing costs
Figure out your income, debt and down payment
Calculate how much home you can afford!
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