How Rising Interest Rates Affect Home Owners Payment Affordability

Jeff Cameron HomeSmart The Cameron Team 480-502-7699

Watch this video as Jeff tells us what your mortgage payment could be while comparing the variety of interest rates and annual income.

28% DTI

Combined HI $250k $350k $450k $550k

4.5% P &I $1,267 $1,773 $2,280 $2,787

Required income $54k $76k $97.7k $120k

5.5% $1,419 $1,987 $2,555 $3,123

Required income $60.8k $85k $109.5k $134k

6.5% $1,580 $2,212 $2,844 $3,476

Required income $67.7k $94.8k $121.9k $149k

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