To Buy or Not To Buy?

The Real Cost of Waiting

Should you buy now, or wait? What is the real cost of purchasing a home today vs. waiting to purchase next year? Many people struggle with determining the best time to buy and we hear these questions all the time, so we’ve crunched the numbers for you! Below are current mortgage rates for Philadelphia along with projected rates, and what these rates really mean for you:


Rates:*

Now:

2.99% (APR 3.02%)

Next Year:

3.75%  (APR 3.788%)

Mortgage Amount:**

Now:

$300,000 

Next Year:

$314,250

Monthly Mortgage Payment:

Now:

$1,263.19

Next Year:

$1,455.34


Cost Breakdown:

Every Month You Wait: $192.15

Every Year You Wait: $2,305.80

30 Years From Now: $54,922.58

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Discover Homes Under $500,000



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Venture Philly Group

Buy. Sell. Invest.

info@venturephilly.com

o. 215.592.9522

1619 Walnut Street, Suite 500, Philadelphia, PA

venturephilly.com



* Mortgage Bankers Association projection- April 1, 2021

** Neighborhood Scout.com- annual appreciation +4.75%


We’re excited to share this with you!

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