How much Home Can You Afford?

Interest rates are still good on home loans. but with the economy booming, they are going up slightly now. If you have been thinking about buying a house but not sure that you could afford the payments hopefully this will help you out.

This information is based on Cherokee and Pickens County average prices. If your interested in a different county just let me know and I’ll get the info for you.
The average home price in Pickens County is $231,000. and with a 10% down payment, this is the estimated payments.
3.5% interest rate = $934.00 per month
4.2% interest rate = $1,017 per month
5.0% interest rate = $1,116 per month
Average home price in Cherokee County is $259,000. With 10% down payment
3.5% interest rate = $1,046 per month
4.2% interest rate = $1,139 per month
5.0% interest rate = $$1,250 per month
I hope this helps. If you have any questions just give me a call or message

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