I agree that you should definitely speak to a direct lender or mortgage broker for an accurate estimate of a monthly mortgage payment. He/she will be able to factor in your credit score to determine what interest rate you can get. A rough estimate based off of the info you provided is as follows:
Conventional Loan with 20% down would equal about $2341.00 per month with an interest rate of 5.375%. This estimated monthly payment includes your property taxes and insurance. The rate can vary depending on your credit score, which I why I estimated with a higher interest rate then the current interest rate on a conforming loan.
As I said previously you should check with a qualified direct lender or mortgage broker as he/she will be able to give you a more accurate number. Good luck!!! - Thu Nov 12 2009, 17:59