Interactive Mortgage Rates		Date Last Updated 10/15/2007
		Contact Gerald Tribuzio at 847-516-5743
		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
		News Flash! PMI is now tax deductible
Conventional Programs	Flex 100	30 Yr Fixed	7 Year ARM	Firsthomebuyers
	30 Yr Fixed	Buydown	No PMI	30 Year Fixed
				Interest Only
Purchase Price
Loan Amount
Down Payment			$0	$0
Interest Rate
Points
Principal and Interest
Real Estate Taxes
Mortgage Insurance			$0
Home Insurance
Association Dues
Total Payment
APR
80-20 and 80-15-5	80-20	80-15-5
Combo Loans	30 Yr Fixed	Buydown
		30 Yr Fixed
Purchase Price
Loan Amount
Down Payment	$0	$0
Interest Rate
Points
Principal and Interest
Real Estate Taxes
Mortgage Insurance	$0	$0
Home Insurance
Association Dues
1st Mortgage Payment
2nd Loan Amount
2nd Fixed Interest Rate
Fixed 2nd Mortgage Payment
Combo Payment w/Fixed 2nd
Blended APR w/fixed 2nd
FHA Programs	30 Yr Fixed	30 Yr Fixed
		Buydown
Purchase Price
Loan Amount
Down Payment
Loan Amt w/Mortgage Insurance
Interest Rate
Points
Principal and Interest
Real Estate Taxes
Mortgage Insurance
Home Insurance
Condo Association Dues
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	Conventional	FHA
Application Fee	$350.00	$450.00
Direct Lender Fee	$645.00	$645.00
Total Closing Costs
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
			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