Buyer purchasing power
Then vs. Now Mortgage Affordability
Rates went up, so the same monthly payment buys less house. Enter the price you qualified for and the rate you had, then slide in today's rate to see your new number.
With the same monthly payment
See what's for sale at your new number
Questions about your budget? Call or text 561-396-9792.
What your payment buys at each rate
The yellow band is the buying power lost between your old rate and today's rate.
Rate ladder
Same payment, rate by rate. Watch what each quarter point does to the price.
| Rate | Price it buys | vs. then | Per step |
|---|
The math uses a 30-year fixed loan, principal and interest only. Your cash down stays the same in both cases, so the whole drop comes out of the loan amount.
Property taxes, insurance, HOA dues and PMI are left out. Those go up with price, so a lender's final number lands a little lower. Use this to plan, then get a pre-approval from a lender for your real number.