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Home Buying in Union Plaza : Real Estate Advice

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Mon Dec 3, 2012
Xochitl Valero answered:
Hi there,

Assuming you don't already have an existing mortgage loan, you may go FHA financing which means you would need a 3.5% down payment.

Loan Summary (estimation on FHA loan)
Loan Name: Garcia
Property Cost$205,000.00
Length30 years
Interest Rate3.50%
Down Payment$7,175.00
Annual Insurance$700.00
Annual Taxes$5,500.00
Monthly Fees$100.00
Monthly Payment$1,504.99
... more
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