The Real Estate Company of Arkansas, L.L.C. is excited to announce it's newest money saving home ownership program. Now, the choice is yours:
To see which is better, let's look at the potential difference on a $200,000 home.
$200,000 - $2,995 = $197,005 @ 7% for 30 years = $1,310.68 per/month (P+I)**
$200,000 - $3,995 = $196,005 @ 6% for 30 years = $1,175.15 per/month (P+I)**
So, your monthly savings by spending $1,000 more up front is:
$1,310.68 - $1,175.15 = $135.53 per/month
$135.53 x 360 months = $48,790.80 over the term of the loan!
No matter how you add it up, the savings are HUGE!
And remember, there's never any mortgage insurance when you purchase with us!
Ask your friendly agent for more details.
When you purchase your new home from us, you automatically get the following:
Subject to terms, restrictions and conditions of program
Not valid with any other offer
* apr/wac stands for annual percentage rate / with approved credit
** P+I stands for principal and interest