A 2M house with a 5% down payment. What will be my lowest possible monthly payment? fixd, or adj.?
Answer:
The option arm would be around $6,787.00. This could be a little more or less depending on the start rate. This highest this payment could go in five years is around $9,519.00.
Matt
http://www.diversifiedlender.com/.
http://www.minnesota-mortgage-rates.net/.
3o yr fixed, approx. 12, 000 a month
$12,010/mo at 30 years 6.5% amortized
I am a Mortgage Banker with one of the midwest's largest private mortgage bank, but have the ability to lend nation wide. Because we are a bank and not a broker we lend our own money and make our own decisions. I would be more than happy to look into your situation. The honest answet to your question is that it is impossible to know what your payments will be without first getting some more information from you. Anyone who will quote you a rate without first checking your credit and taking a full application is not reputable and should not be dealt with. Feel free to send me an email. I look forward to hearing from you.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: