Interactive Mortgage Rates
Date Last Updated 1/01/2010
Contact Gerald Tribuzio at 847-505-6252
for Rate Quote or email:
jtrib@firsthomebuyers.net
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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
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