It will take 29 years for college grads to save 20% down on SF home, study shows - On The Block

It will take 29 years for college grads to save 20% down on SF home, study shows - On The Block

— Image 1 of 19 gallery_thumbnails_show|ontheblock-2283-post-10072-g34090|ontheblock-2283-post-10072-g34090|0 gallery_overlay_open|ontheblock-2283-post-10072-g34090|ontheblock-2283-post-10072-g34090|0 gallery_overlay_open_thumbs|ontheblock-2283-post-10072-g34090|ontheblock-2283-post-10072-g34090|0 Image 1 of 19 |SF homes at median price of $981K 480 Mission Bay #517 1 bed, 2 baths, 1047 square feet in a plush complex with gym and pool. 20% down on this $998K condo is $199.6K. So the amount financed then would be $798.4K. Using the jumbo 30 year interest rate of 4.22% and San Francisco's property tax rate of 1.1640, the monthly payments would be $4873. We've left out closing costs since they vary, generally costing the buyer 2-5% of the purchase price. Photos: MLS Image 1 of 19 - SF homes at median price of $981K 480 Mission Bay #517 1 bed, 2 baths, 1047 square feet in a plush complex with gym and pool. 20% down on this $998K condo is $199.6K. So the amount financed then would be $798.

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