What kind of house can you get for about $1,200 per month?
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[wpcol_1half id=”” class=”” style=””]FHA:
30 yr fixed
Interest Rate 3.875%
APR 5.63
3.5% down payment
Principal and Interest $824.51
Hazard insurance $50 *
Property tax $223.58
Mortgage insurance $166.37
Total payment $1,264.46[/wpcol_1half]
[wpcol_1half_end id=”” class=”” style=””]
Conventional:
30 yr fixed
Interest Rate 4.375%
APR 4.61
5% down payment
Principal and Interest $853.30
Hazard insurance $50*
Property tax $223.58
Mortgage insurance $42.73
Total payment $1,169.61
* estimated home owner’s insurance[/wpcol_1half_end]