Interactive Mortgage Rates		Date Last Updated 1/01/2010
		Contact Gerald Tribuzio at 847-505-6252
		for Rate Quote or email:		jtrib@firsthomebuyers.net
IMPORTANT: Must press TAB key (Not Enter Key) to advance to next cell or move mouse cursor to desired cell
	FHA 30 Yr Fix	FHA 30 Yr Fix	USDA	Conv 30 Yr Fix
	3.5% Down	2-1 Buydown	30 Year Fix	Down Pmt Assist
		3.5% Down	0 Down	5% Down
Purchase Price
Loan Amount
Down Payment			$0
Loan Amt w/Mortgage Insurance
Interest Rate
Points
Principal and Interest
Down Payment Loan Payment
Real Estate Taxes
Mortgage Insurance			$0
Home Insurance				$50
Condo Association Dues				$0
Total Payment
2nd Year Payment-Buydown
3rd Year Payment-Buydown
APR
FHA Mortgage Limits	Check FHA web for maximum loan amount for county
FHA Home Page	FHA Loan Info
Lender Closing Costs	$950.00
Calculate Cost of Points
Loan Amount
Points
Cost
Total Closing Cost w/Points
Break-Even with Points
Payment Savings 1/8th Lower Rate
Enter Rate Reduction Factor
(See Key Below for Factor)
Difference in Monthly Payment
Months to Break Even		This is how long it would take to recoup cost of points + closing costs
		Assume 20% tax bracket
Key
.125% lower rate=1
.25%=2
.375%=3
.500%=4%
.625%=5
.75%=6
.875%=7
1.00%=8
just add 1 for each add 1/8th