The payment shown here WILL vary depending on your loan type. Please give us a call and we can help narrow it down some.
For the down payment, you will enter ONE or the other, either a dollar amount, or a percentage of the sales price. You can use 4% of the sales price for FHA Loans, 5, 10 or 20% for Conventional loans depending on your loan.
This payment does not show taxes, insurance or mortgage insurance premium. We can help you with this.
*You will also need CLOSING COST in addition to your down payment. This amount will vary.
Down payment does come off the price of the home when financing. The closing cost does not. Closing cost is paid to 3rd party people. This money does not go to the seller.
Enter as much as you know to get an idea.