Understanding the concept of Purchasing Power
Find the price of the home you are considering buying. Then you will be able to see the impact of rising interest rates. If you want to keep the monthly payment similar, then as rates rise, the amount you can spend on a home decreases.
NOTE: These are not intended to be your "payment" amounts - these samples are illustrative only.
NOTE: These are not intended to be your "payment" amounts - these samples are illustrative only.
