A Comparison of Buying a New Versus Used Home

I recommend starting off by making a mortgage application with me at Network Funding here: https://nflp.com/loanofficer/alfonsorodriguez/

Making the application will allow me to do the following:

- Give you the most accurate advice

- Get you a mortgage pre-approval

- Give you the ability to negotiate with a seller or builder

- Come up with a realistic plan to find a home within your budget

- Get your finances ready to purchase a home

Below are going to be a couple of options to compare buying new versus used.

Option #1: Buying a new home with a special rate incentive

- New home built by Lennar

- 4 bed, 2 bath, 1500 sq ft

- $281,900 sales price (somewhat negotiable)

- Mortgage estimate: $2,255.81 (all in)

- Down payment: $9,869.65

- Closing cost estimate: $0.00

- Estimated interest rate: 4.25% (somewhat negotiable)

Option #2: Buying a used home (rate & closing costs negotiable)

- 3 bed, 2 bath, 1346 sq ft

- $280,000 sales price (negotiable)

- Mortgage estimate: $2,570 (negotiable)

- Down payment: $9,800

- Estimated closing costs: $8,500 (negotiable)

- Estimated interest rate: 5.99% (negotiable)

These are only 2 of many homes that are available. There are many ways to negotiate on the price, interest rate & closing costs.

This is designed to get the planning process started so that you can start to see if buying a home makes sense.

You can view the latest mortgage rates here: https://bit.ly/current-mortgage-rates-news

I also offer a free home buying & financing consultation to anyone thinking about buying a home. You can schedule that with me here: https://bit.ly/book-a-free-home-buying-consultation

Below are the 2 listings that I used in my examples above.