Although the new construction market has been hard hit, here's a win for those that are considering taking advantage of that fact: new builds now offer a 30‑year amortization instead of 25 years.
That extra time can save you roughly $400 a month on a $750K home at about 4.25% interest.
Here’s how it breaks down:
• 25‑year term: around $4,047/month
• 30‑year term: about $3,673/month
Extra cash in your pocket means more breathing room for renovations, savings, or just a bit more comfort.
I know numbers can be a bit much, but I’m here to help clear the fog. Give me a call at 416‑467‑8627 and we’ll run the numbers together.
Know someone who might enjoy a little extra cash flow? Please share this email!
💰 Want lower monthly payments and a stress-free buying experience? With my Love It or Leave It Guarantee, if you don’t absolutely love your new home, I’ll sell it for free. Let’s find a home you love—with a payment that fits your budget. Call me at 416-467-8627 to get started!