Lauren, Other/Just Looking in Phenix City, AL

how much would the monthly payments on this house be? thanks

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

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Barry Lynn M…, , Trussville, AL
Wed Apr 15, 2009
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 $842.83+ $65.49 PMI which is Calculated by Multiplying the loan amount by .5% and dividing by 12 gives you a total of $908.32 + around $100.00 for your escrow you would have a total estimated payment of $1008.32 with a APR of around 5.37%.

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

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