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Interest Rates Range from between 9-21%, 5-20 years with
5-30% down being required. Credit history, the age of the home and size of
the home are deciding factors in what is required.
With established credit, while purchasing a newer home you will usually be
around 10% interest, 10% down and a 15-20 year amortized loan.
For un-established or bad credit, you will usually be
looking at 20% down, 7 years and 21% down. Impounds and a service fee
might be required. Impounds with service fee tend to run from around $70-$150
per mo.
This calculator is solely for informational purposes and
provides reasonably accurate results; the calculations are not intended to be
relied upon as actual payment computations. |
