📉 Small Rate Drop. Big Savings.
You don’t need mortgage rates to fall back to 3% to win.
Even a 1% drop can make a major difference whether you’re buying or refinancing.
Let’s break it down 👇
On a $400,000 30-year loan:
💰 7% rate → $2,661/month
💰 6% rate → $2,398/month
That’s a savings of $263 per month.
Over 30 years?
That’s nearly $95,000 in interest saved.
And it doesn’t stop there…
🏡 More Buying Power
At 6%, a $400K loan = $2,398/month.
At 5%, you could borrow about $450K for nearly the same payment.
đź“Š Refinancing Opportunity
If you bought when rates were higher, a 1% drop could significantly reduce your monthly payment. Just be sure to calculate your break-even point after closing costs.
đź’ˇ Bottom line:
A “small” rate drop isn’t small at all.
A few hundred dollars per month can change affordability, buying power, and long-term wealth.
If you’ve been waiting for the “perfect” rate — it might not take a huge shift to make your move make sense.
Want to see what a 1% difference would mean for you specifically? Let’s run the numbers.
https://buff.ly/VjwwmLu
