Current rates are the reason to buy!

$200,000 borrowed amount for 30 years @ 3.50% interest rate

Monthly Payment- $898.09
Total Paid After 30 Years- $323,312.18

$180,000 borrowed amount for 30 years @ 6.50% interest rate

Monthly Payment- $1,137.72
Total Paid After 30 Years- $409,580.08


So in case you were wondering.....Yes, Interest rates are very important!