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Purchase payment

One scenario. Type loan type, state, price, down, and the lock rate. Highlighted fields are required for that loan type. Gray fields are unused.

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Scenario

Purchase

$
%

$14,000

%

Needed for conventional MI

%
$
$

Quote this

$2,999/mo

FHA payment at 6.500% · LTV 96.50%

Principal & interest
$2,482.48
Property taxes
$133.33
Homeowners insurance
$130.92
Mortgage insurance
$176.92
HOA
$75.00
Base loan
$386,000
Financed UFMIP
$6,755
Total loan
$392,755
Cash to close
$24,000

Rate sensitivity

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Other costs held constant. ±0.75% in eighths.

RateP&ITotal
5.750%$2,292.01$2,808.18
5.875%$2,323.29$2,839.46
6.000%$2,354.76$2,870.93
6.125%$2,386.42$2,902.59
6.250%$2,418.26$2,934.43
6.375%$2,450.28$2,966.45
6.500%$2,482.48$2,998.65
6.625%$2,514.85$3,031.02
6.750%$2,547.40$3,063.57
6.875%$2,580.12$3,096.29
7.000%$2,613.01$3,129.18
7.125%$2,646.06$3,162.23
7.250%$2,679.28$3,195.45