| Principal & Interest | $2,594 |
| Property Tax | $833 |
| Home Insurance | $208 |
| PMI not required |
| Purchase Price | $500,000 |
| Down Payment | $100,000 |
| Total Payments | $933,980 |
A $500,000 home with a 20% down payment, 6.75% interest rate, and 30 year term results in a mortgage payment of $2,594 before taxes and insurance.
Total Payment: $3,636*
*Includes monthly tax and insurance of $833 and $208, respectively.
PMI is not required when you make a down payment of 20% or more.
As a Senior Loan Officer at First Federal Bank, I am proud to provide all the customer service of a hometown bank with all the modern convenience of a high tech internet savvy lending institution. My bank specializes in VA, Jumbo, Conventional, FHA financing for homes, and personally, as a US ARMY veteran, take particular pride in meeting the needs of our Veterans as they purchase homes using their VA home loan benefits. As your loan officer, I offer 12 years of experience in home finance, a degree in Economics from UMKC, and military experience. I offer the hometown first name personable service, with all the convenience and ease of lending you have come to expect. I also offer free financing approval letters and reviews at your convenience with all financing options provided to meet your needs. I welcome the opportunity to earn your business and help you make your dreams of homeownership a reality!
