In a nutshell the most professional answer you should get over and over is to contact a dependable loan officer. Here's why....
If you are asking this online, you would have to give answers to the unique questions such as: credit scores (which may affect interest rates, which in turn affects your payments), debt ratios, Taxes, Insurance and so on.
You can contat a local lender such as Lori Donnelly at http://www.LoriDonnelly.com
or give her a call. Loan officers for the last 3-4 year have been licensed by the state. They will keep your information confidential. Shop around between Lori, Credit Unions and Banks. Compare apples to apples such as:
1. Interest Rates to Interest Rates
2. APR to APR
3. Terms to Terms
4. Discount Points to Discount Points
5. Origination Points to Origination Points
5. Admin fees to Admin fees (Check for junk fees)
If you are looking at homes while you are driving, or perhaps a particular neighborhood in mind, you can DOWNLOAD MY APP for smartphones called:
REAL ESTATE HAMPTON ROADS (Look for the big RE/MAX Balloon)
and you can see all the homes for sale wherever you are driving in Hampton Roads. Best of all you don't have to sign in!
If you have more questions please call or email me at 757-971-3574 or Carlos@CarlosCardo.com
This is one more reason REBAC (The National Real Estate Buyer's Agent Council) recommends that you get YOUR OWN representative. Have an agent work for you. Usually it is a $0 cost for you, the seller pays for your Buyer's Agent's fee anyway (When looking for buyer agents compare what fees they charge you such as admin or transactional fees, etc)! Buying a home is one of the biggest investments you will ever make, it is your responsibility to research and choose YOUR agent wisely.
Carlos Cardo - USMC (RET), Assoc Broker
Accredited Buyer's Representative
Licensed in Virginia