Conventional:
The principal and interest payment on a $400,000 30-year fixed-rate conventional loan based on a 740 FICO at 6.250% (6.482%) APR and 80% loan-to-value (LTV) is $2,463.
FHA:
The principal and interest payment on a $400,000 30-year fixed-rate FHA loan based on a 740 FICO at 5.875% (6.745%)APR and 80% loan-to-value (LTV) is $2,904.
VA:
The principal and interest payment on a $400,000 30-year fixed-rate VA loan based on a 740 FICO at 5.875% (6.253%) APR and 100% loan-to-value (LTV) is $3,021.
Payment based on 360 monthly payments. The APR is calculated using the Actuarial Method.
The principal and interest payment does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates are current as of 12/19/2024.
Rates and Terms are subject to change based on market conditions and borrower eligibility.