True Florida Real Estate Buyer's Handbook
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Home Buying<br />
Power<br />
Today's low rates give buyers<br />
incredible buying power.<br />
Each<br />
1%<br />
increase in interest rate<br />
erodes a buyer's power<br />
by<br />
10%<br />
$450,000 $397,394 $353,417 $316,440 $285,166<br />
3% 4% 5% 6% 7%<br />
Home buying power of a $1,517.77/month<br />
P&I payment as rates rise<br />
$1,518 $1,719 1,933 $2,158 $2,395<br />
3% 4% 5% 6% 7%<br />
Effect of monthly P&I payment on a<br />
$450,000 home as rates rise<br />
Buyer <strong>Handbook</strong><br />
<strong>True</strong><strong>Florida</strong><strong>Real</strong><strong>Estate</strong>.com
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