| For The Same Monthly Payment of: |
A Non-Veteran Can Purchase a Home for: |
While a Veteran Can Buy a Home Valued at: |
Which Results in More Commission: |
| $863 |
$150,000 |
$175,410 |
$1,525 |
| $1,151 |
$200,000 |
$233,879 |
$2,033 |
| $1,726 |
$300,000 |
$350,819 |
$3,049 |
| $2,301 |
$400,000 |
$467,759 |
$4,066 |
| $2,876 |
$500,000 |
$584,699 |
$5,082 |
| ** This comparison is intended for illustrative purposes only. Private mortgage insurance, which is not required for VA Loans, typically costs between 0.5% to 1% of the entire loan amount on an annual basis. On a $100,000 loan this means the non-veteran homeowner could be paying as much as $1,000 a year, or $83.33 more per month – assuming a 1% PMI fee. In all calculations, we assumed a 1% mortgage insurance rate and an overall commission rate at 6% to illustrate the potential increase in earnings. *The chart above is based on an identical monthly payment for 30 Yr Fixed @4.25% Rate. Contact a licensed mortgage lender for exact calculations. |
CLICK HERE TO GET STARTED
