📉 How a 0.25% Mortgage Rate Drop Could Impact Your Monthly Payment

Mortgage rates continue to dominate the conversation for homeowners and buyers. Even a small change can make a noticeable difference in your monthly budget.

Here’s an easy formula:

👉 For every $100,000 borrowed, a 0.25% drop in interest rate lowers your mortgage payment by about $15/month.

Example:

• Loan balance: $500,000

• Rate drop: 0.25%

• Estimated savings: $75/month

This quick calculation gives you a ballpark idea of potential savings without needing a mortgage calculator.

Of course, we don’t know yet if the Fed will cut rates at their next meeting. But once they do, you can use this formula to adjust your numbers and plan ahead.

Bottom Line:
If you’d like to see the exact savings for your specific situation, let me know and my team can run the numbers for you. It’s one more way we can help you make the smartest real estate decisions.

—
Anthony Guetzoian, Broker/Owner
Century 21 Valley Properties
📲 818.266.1100