College Savings Solutions LLC 'DBA' Mortgage Shield
(913) 957-1793
Website
PMI
NOT REQUIREDTax & Insurance
Monthly
Payment
$3,636| Principal & Interest | $2,594 |
| Property Tax | $833 |
| Home Insurance | $208 |
| PMI not required |
Loan
$400,000| Purchase Price | $500,000 |
| Down Payment | $100,000 |
| Total Payments | $933,980 |
How much is a $500,000 house payment?
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.
Payment Affordability
Step 1: Enter the combined annual gross income of all applicants.
Step 2: Enter total monthly debt payments, including cars, credit cards, student loans, etc. Exclude utilities and other non-debt related expenses.
You must include taxes and insurance. Your lender will factor these payments whether or not you include them in your mortgage payment.
HOA fees are not included in your mortgage payment. However, they are considered when calculating your housing and debt-to-income ratios and must be accounted for.
| Housing Ratio | 0% |
| Debt-to-Income | 0% |
| Monthly Income | $0 |
| House Payment | $0 |
| HOA (Monthly) | $0 |
| Total Payments | $0 |
Mortgage Shield helps homeowners protect their mortgage from life's uncertainties. It allows homeowner's family to keep and payoff their home is the event of death. Make their mortgage payment in the event of an disability. Recieve a lump sum payment in the event of a critical illness (Stroke, Heart attack, Cancer...) to help pay medical deductibles and bills. As well as Return all of your Premium to you at the end of the mortgage term. So you have nothing to lose, but everything to gain!
Get a quote, Apply, Approved and be Covered within an hour.
Call TODAY to protect your mortgage from life's uncertainties!