Property Q&A in Phenix City>Question Details

Lauren, Other/Just Looking in Phenix City, AL

Im very interested...what would be the monthly payments?

Asked by Lauren, Phenix City, AL Wed Apr 15, 2009

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If you use the current asking price and you put 3.5% down and do an FHA loan at 5% interest rate with a 1.75% upfront funding fee your principle payment will be $626.72 + $48.64 PMI which is Calculated by Multiplying the loan amount by .5% and dividing by 12 gives you a total of $675.37 + around $75.00 for your escrow you would have a total estimated payment of $750.36 with a APR of around 5.37%.

This of coarse would be lower if you higher the right buyers agent to represent your interest.

Give me a call if I can Help
0 votes Thank Flag Link Wed Apr 15, 2009
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