Community Magazine February 2021

Same purchase price. Same downpayment. Same initial interest %. But when all is said and done, the amily on the right will pay $132,125 less or the same condo. *Based on current rates or 15-yr ixed mortgage, with 0 points . Your rate will vary. With a purchase price o $500,000 and a downpayment o 20%, this amily stuck with their original 30-year mortgage at 5%. Total paid: $873,024 The same purchase price & downpayment, but this amily re inanced aer 10 years to a 15-year at 2.25% (APR 2.369%)* Total paid: $740,899 Ark Mortgage The Better Way Home Ark Mortgage Inc. | NMLS ID 103915 | (888) 275-8575 | www.arkmortgage.com | 1 Perlman Drive • Spring Valley, NY 10977 Licensed Mortgage Banker, NYS Dept o Financial Services | Licensed Residential Mortgage Lender, NJ Dept o Banking & Insurance Joe Nakach NMLS ID 1894245 ošce: 718-215-8505 cell: 646-399-2227