02/26/2026
*I’m not a Dem or a Repub, this isnt a political post, I am neutral! Trump mentioned that homeowners are saving $5K a year on mortgage payments annually with the rate being reduced a point in the last year. But he did not provide an example. In order to save $5K, the principal that you are financing must at be at least $650K. If you put 20% down, the home price must meet or exceed a price point of $814,659. So savings of $2K-$3K a year is more realistic. For instance, if the home price is $414,000, your annual savings with 20% down would be $2,442, or $203.50 in monthly savings.