| Purchase Price | ||||||||||
| $500,000 | ||||||||||
| VA (Subsequent) | VA (First Time) | USDA | FHA | Conv 1% Down* | Conv FTHB | Conventional | Bank Statement Loan | Investment | DSCR | |
| Down Payment Percentage | 0% | 0% | 0% | 3.5% | 3% | 3% | 5% | 15% | 25% | 20% |
| Down Payment Amount | $ - | $ - | $ - | $ 17,500.00 | $ 11,000.00 | $ 15,000.00 | $ 25,000.00 | $ 75,000.00 | $ 125,000.00 | $ 100,000.00 |
| Base Loan Amount | $ 500,000.00 | $ 500,000.00 | $ 500,000.00 | $ 482,500.00 | $ 485,000.00 | $ 485,000.00 | $ 475,000.00 | $ 425,000.00 | $ 375,000.00 | $ 400,000.00 |
| FF/UFMIP | $ 16,500.00 | $ 10,750.00 | $ 5,050.00 | $ 8,443.75 | $ - | $ - | $ - | $ - | $ - | |
| Total Loan Amount | $ 516,500.00 | $ 510,750.00 | $ 505,050.00 | $ 490,943.75 | $ 485,000.00 | $ 485,000.00 | $ 475,000.00 | $ 425,000.00 | $ 375,000.00 | $ 400,000.00 |
| Payments/Year | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Term of Loan | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Title Fees | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 | $ 7,500.00 |
| Origination Fee | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Points (1%) | $ 5,165.00 | $ 5,107.50 | $ 5,050.50 | $ 4,909.44 | $ 5,820.00 | $ 4,850.00 | $ 4,750.00 | $ 4,250.00 | $ 3,750.00 | $ 4,000.00 |
| Todays Interest Rate | 6.750% | 6.750% | 6.750% | 6.750% | 7.375% | 7.500% | 7.750% | 8.000% | 8.375% | 8.625% |
| APR | 6.994% | 6.996% | 6.997% | 7.002% | 7.660% | 7.766% | 8.023% | 8.298% | 8.706% | 8.947% |
| Principal | $444.70 | $439.75 | $434.84 | $422.69 | $369.05 | $359.94 | $335.25 | $285.17 | $233.08 | $236.16 |
| Interest | $2,905.31 | $2,872.97 | $2,840.91 | $2,761.56 | $2,980.73 | $3,031.25 | $3,067.71 | $2,833.33 | $2,617.19 | $2,875.00 |
| Principal & Interest | $3,350.01 | $3,312.71 | $3,275.74 | $3,184.25 | $3,349.77 | $3,391.19 | $3,402.96 | $3,118.50 | $2,850.27 | $3,111.16 |
| Property Taxes | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 | $ 231.25 |
| Homeowners Insurance | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 | $ 125.00 |
| Mortgage Insurance | $ - | $ - | $ 147.31 | $ 219.34 | $ 112.76 | $ 153.75 | $ 99.75 | $ - | $ - | $ - |
| Other Payment (HOA, Etc) | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| TOTAL PAYMENT | $3,706.26 | $3,668.96 | $3,779.30 | $3,759.84 | $3,818.79 | $3,901.19 | $3,858.96 | $3,474.75 | $3,206.52 | $3,467.41 |
| Total Closing Costs | $12,665 | $12,608 | $12,551 | $29,909 | $24,320 | $27,350 | $37,250 | $86,750 | $136,250 | $111,500 |