Despite what a buyer negotiates with a seller, interest rates have a huge impact on the total cost of a home.

If you bought a home for $250,000 with 10% and 90% financed at 3% APR, you’d pay about $116,499 in interest to the lender over the life of the loan. If that interest rate goes up just one point to 4%, you’ll pay $161,706 in interest.

1% more becomes 28% more!