Featured Mortgage Rates*as of Friday, May 24, 2013 8:30 am to 4:30 pm CT
(rates subject to change without notice) |
Assuming a simple interest rate of 3.875%, the estimated APR on this loan is 3.987%.
The monthly payments, based on a $100,000 loan and a $125,000 purchase price (20% down payment) would be:
-
359 payments of $470.24
-
1 final payment of $470.38
WHEDA requires that funds be paid monthly & held in escrow for the annual payment of real
estate taxes, hazard insurance, and flood
insurance, if required. Therefore, your total monthly mortgage payment will be greater than
stated above.
| 30 Year Fixed Rate
Conventional |
| RATE | APR | POINTS |
| 3.875%
| 3.987%
| 0%
|
| Loan Type: | Conventional | | Purpose: | Purchase | | Purchase Price: | $125,000 | | Loan Amount: | $100,000 | | Property Type: | Existing single family
residence | | Rate Lock Period: | 45 days | | Escrow for taxes &
insurance?: | Required |
|
Assuming a simple interest rate of 3.750%, the estimated APR on this loan is 5.741%.
The monthly payments, based on a $100,000 loan and a $125,000 purchase price (20% down payment) would be:
-
12 payments of $570.46
-
12 payments of $568.35
-
12 payments of $566.24
-
12 payments of $564.05
-
12 payments of $561.77
-
299 payments of $463.12
-
1 final payment of $463.12
These monthly payment amounts include the FHA mortgage insurance premium.
Mortgage insurance is required for most FHA loans. The monthly mortgage insurance premium is
calculated based on the average annual outstanding balance, so it will vary from year to year.
| Principal & Interest: |
$463.12 |
| Mortgage Insurance Premium: |
$107.34 |
| Total: |
$570.46 |
WHEDA requires that funds be paid monthly & held in escrow for the annual payment of real
estate taxes, hazard insurance, and flood
insurance, if required. Therefore, your total monthly mortgage payment will be greater than
stated above.
| 30 Year Fixed Rate FHA
Insured |
| RATE | APR | POINTS |
| 3.750%
| 5.741%
| 0%
|
| Loan Type: | FHA | | Purpose: | Purchase | | Purchase
Price: | $125,000 | | Loan
Amount: | $100,000 | | Up-front
FHA Insurance Premium: | $1,750 paid at closing* | | Property Type: | Existing
single family residence | | Rate
Lock Period: | 45 days | | Escrow
for taxes & insurance?: | Required |
* This cost may be included in the first mortgage amount. |
Actual interest rates & fees offered to you may vary based upon factors such as loan-to-value ratio, loan product & lender imposed closing costs." . |
Contact a participating lender to learn more about WHEDA loan product options and interest rates.