MORTGAGE PAYMENT
PURCHASING POWER
QUALIFYING LOAN
RENT VS BUY
REFINANCE
15 vs 30 Year
3-2-1 BUYDOWN
Bi-weekly
Estimate the difference between 15 and 30-year terms and monthly payments.
Comparison of additional payments made and the change in principal payoff balance after 6 years
*Results are hypothetical and may not be accurate. This is not a commitment to lend nor a preapproval. Consult a financial professional for full details.
Payment example: If you bought a $450,000 home with a 20% down payment, for a loan amount of $360,000, with a 30 year term at a fixed rate of 6.125% (Annual Percentage Rate 6.220%), you would make 360 payments of $2,189.00. Payment stated does not include taxes and insurance, which will result in a higher payment.
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