Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
email@example.com | http://www.AustinListed.com
Best wishes on your new home !
Taxes will be a big portion of your payment.
Others have calculated P&I for you.
You can look up taxes online and get your own homeowners insurance.
You can call a local loan officer and have them give you an estimate
(214) 763-4629 cell/text/nights/weekends(Really!!)
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The rate of payment that is PITI (principal,interest,taxes and insurance) will all depend on the type of loan
you take and the down payment you make.
Also the interest rate you qualify for.
VA loans are the cheapest if you qualify.
Best bet talk to a lender and disuss FULL options with him.
Here is on
Schmidt Mortgage Company
Approved MCE Instructor
If you have addition questions or information you may need please fell free to contact me and see my attached video.
As for FHA be aware that mortgage insurance premiums will most likely go up next year and if you don't put 20% down you may not be able to remove the insurance for the life of the loan. Currently you can when the loan to value reaches 78%. For more on that visit my blog on our website. It will explain what is happening and how will impact you as a borrower.
If you qualify for a VA loan that might be your best option depending on your situation. Usually that is the best route but many factors should go into choosing a type of loan. I would need more information and speak with you to help really guide you in the right direction. You can also speak with a bank or mortgage broker. They will help for free and we all love free help. Web Reference: http://www.
Not only do VAs offer 100% financing (conforming loan limit for VA loans is $417,000 in most parts of the country so it is likely that at 330K you qualify for 100%) but you also are not required to pay monthly mortgage insurance premiums.
There are the VA funding fees that have to be paid which varies based on the type of military service you performed and also varies based on if this is first time loan or second/third... loan. Yes, you can take out VA loans more that one time! If you are a qualifying disabled Vet then you will never pay any VA origination fees.
Did you mean tax rate or interest rate at 3.25? You really need the interest rate, tax rate (annual or monthly stated) and homeowners insurance rate as well as your VA service level to calculate the expected payment. Can you supply those details?