We cannot see to what you are referring, Thomas, without a provided link in your query, but as with most Mortgage Loans, the primary factors to determine a monthly payment are the amount borrowed, the term and the rate. The taxes will be determined by the county's assessors and the millage rate. The insurance premium is set by the amount of coverage, the deductible and the policy limitations. Hope this helps. Please call, text or email if we can provide further assistance. Good Luck!
I looked at the lisitng from your link and it indicated a $177,000 List Price. Right below the List Price, Trulia estimated a $793/month mortgage payment. I did not see $500/month inidcated anywhere on the page.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more