First - time home buyers, veterans or people purchasing in a federally designated target area are eligible for this fixed - rate mortgage priced below the standard conventional interest rate. (wheda.com)
This loan has terms up to 30 years and comes with conventional interest rates, according to Rodgers. (nerdwallet.com)
Sales Price - $ 197,000 (Based on Houston market trends same house went up $ 17,000 after 2 years) Down payment - 20 % or $ 39,400 Credit Score - 680 credit Conventional Interest Rate — 4.25 % Loan Monthly Payment - $ 775.30 Mortgage Insurance - $ 0,00 / month Taxes 2016 - $ 4,565 / year or $ 380.42 / month Insurance estimated - $ 1,435 / year or $ 119.59 / month Total monthly payment - $ 1,275.31 (clearlending.com)