Highlands Ranch is not out of reach..rent is too high!

I was just thinking about a house payment versus rent. Lots of folks yell about this on the radio, but you may find this interesting.

A $300,000 loan at 3.25% results in a $1303 principle and interest payment.

Add to that monthly taxes of $180, insurance of $100 and HOA dues of $45 for a total payment of about $1628 per month.

How much down payment is required? 3.5% or $10,500 for down payment PLUS closing costs. Often, Sellers can be convinced to pay them, or the interest rate can be adjusted to cover them.

So for less than what you are currently paying for rent, you can own a home…

REMEMBER, I am a REALTOR, not a lender. Check my figures with a reputable lender.

Or check mine out under the BUYER tab at www.DenverRelocation.com

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About Pete Doty

As a Realtor® Pete has been working in the Denver residential market since he first started in 1985, and focusing primarily in the south end of town. He finds the client the home they want, and then help them sell it when they want to move. Marketing is really where his heart is, and making sure his clients’ interests are watched over in Littleton, Highlands Ranch, Parker, Castle Rock, Centennial, Englewood, Morrison or Denver. His web site www.DenverRelocation.com ranks high in search rankings and generates numerous relocating buyers each year. Talk to Pete for a unique perspective on today's real estate market in Denver.
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