Commission Comparison Chart!

 

 

 

Real Estate Agents Earn More Money Selling To Veterans!

 

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 This Much More Commission:
   $287.65   $50,000.00   $58,470.00    $508.19
   $575.27  $100,000.00  $116,934.74 $1,016.38
   $862.91  $150,000.00  $175,409.61 $1,524.58
$1,150.55  $200,000.00  $233,879.48 $2,032.77
$1,438.18 $250,000.00 $292,349.35 $2,540.96
$1,725.82 $300,000.00 $350,819.22 $3,049.15
$2,013.46 $350,000.00 $409,289.09 $3,557.35
$2,301.09 $400,000.00 $467,758.96 $4,065.54
$2,588.73 $450,000.00 $526,228.83 $4,573.73
$2,876.37 $500,000.00 $584,698.69 $5,081.92
       
This comparison is intended for illustrative purposes only. Contact a licensed mortgage lender for exact calculations. 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 the above calculation, 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.

 

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Just Average: The average new home price in 2017 was just over $300,000.00, and an average real estate agent sells 4.5 homes per year. If these average agents just sold an average amount of homes to Veterans instead of non-veterans they could earn an additional $13,721.16 a year…on average.