HOME BUYER'S GUIDE.pdf

## Brentwood, CA - Home Buying Guide (May 2020)

This guide breaks down key housing market metrics for Brentwood, CA, focusing on homes with 4+ bedrooms, 3 bedrooms, and 2 bedrooms.

Key Takeaways:

Interest Rates: Interest rates have fluctuated since last year and month, with current rates at 3.23% - 4.07%.
Homes for Sale: The market features a range of options:
4+ Bedrooms: Median price around $672K, with monthly payments starting at $3,109 (20% down).
3 Bedrooms: Median price around $750K, resulting in monthly payments exceeding $4,000 even with 3% down.
2 Bedrooms: More affordable options available with a median price of $645K and corresponding monthly payments around $2,982 (with 20% down).
Down Payments: The data highlights the significant impact of down payment percentage on monthly mortgage costs. A 3% down payment increases monthly payments compared to a 20% down payment, especially for larger homes.

Detailed Breakdown:

| Property Size | # Homes for Sale | Median Price | Monthly Payment (20% Down) | Monthly Payment (3% Down) |
|---|---|---|---|---|
| 4+ Bedrooms | 46 | $672K | $3,109 | N/A |
| 3 Bedrooms | 17 | $3,458 | $1,977 | $3,468 |
| 2 Bedrooms | 68 | $750K | $2,982 | $4,022 |