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i am looking into a home listed at $230,000, I currently make 4,000 each month and have about 15% saved as a down payment. I have a credit score of 710 what kind of rates and monthly payment am i looking at? by vinnydl from Saratoga Springs, New York. May 4th 2010 Reply


Gregorio Denny (GVDenny)
#258 ranked lender in California - 380 contributions

Rates have gone down significantly since you have asked this question, if you have not locked a rate yet you should consider doing so.

Jun 13th 2010
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Melanie Crawford (MelanieCrawford)
#14 ranked lender in New York - 1 contribution

This depends upon what product you are looking for, (and of course what debts you have). For a 30 year fixed rates are right around 5%. A 15 yr, 4.5%, and a five year adjustable is as low as 3.625%. If you are not planning to keep the property beyond 5 years, that would be a brilliant choice. The 30 year fixed would give you a $1049.49/ mth payment for the mortgage, not including taxes and insurance. The 15 yr: $1495.56 excluding taxes and insurance, and the 5/1 $891.58 plus taxes and insurance. This is based upon a loan amount of 195,500. Feel free to call me with any questions, (914) 475-6541.Melanie CrawfordLoan OfficerABC123 Mortgage

May 4th 2010
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Matt Baker NMLS#190779 (MattBaker)
#32 ranked lender in Arizona - 75 contributions

Current rates today have improved this week. Assuming you are putting 15% down, the mortgage amount would be 195,500, at a current rate of 4.875%, your payment is $1034.60. Add $56 per month for Mortgage Insurance. Your principal and interest and Mortgage insurance payment is $1,091.48. Add the taxes and insurance on the property, to get your total monthly payment. This loan would have an APR of 5.084%. Please feel free to call me to discuss. Also, if you want to hold onto more of your savings, you would possibly qualify for a 10% down loan.

May 4th 2010
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Marty Borges (mborges)
#254 ranked lender in California - 20 contributions

Actually the 30 year fix are at 4.75% today and have been staying below 4.875% over the last month. You can get a 5/1 arm at 3.375%.. We deal with wholesale lenders therefore I believe we have the best rates! All the other payments for insurance, and taxes will be the same as the other quotes

May 4th 2010
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Good morning my dear brothers and sisters in Christ, I am Mr Woodson Heather, a reputable, legitimate and accredited money lender. I loan money to Christians and trust worthy people in need of financial assistance at 3% interest rate. Do you have a bad credit or are in need of money to pay bills? Let me take this medium to inform you that I assist beneficiary reliable as I'll be glad to offer you a loan from a minimum of $5000 and above.Please write with the below information. After the reply, you will be sent a loan application form to fill. (There are no credit check, 100% Guaranteed!) I hope you will allow me to be of service to you. Sincerely. Contact us via email: (woodsonloanagency@yahoo.com) with the Applicant Information below:Full Name;Country:Amount Needed;Monthly Income:

May 9th 2010
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