3% Down Example

3% Down Example

Applicant(s) must meet certain criteria defined by the lending institution and the USDA, including the USDA’s eligibility requirements for both the homeowner and property.

Sales Price $100,000

LTV 95%

Loan Amount $95,000

Down Payment $5000

Interest rate of 4.625%

APR 5.15%

P&I $488.43

*Rate 4.625% and APR 5.15% is based on sales price of $100,000, with LTV 95%, 5% down payment of $5,000, loan amount $95,000. 360 payments at $488 (plus taxes, MI and insurance).

*Rate 4.125% and APR 4.526% is based on sales price of $650,000, with LTV 90%, 10% down payment of $65,000, loan amount $585,000.  360 payments of $2,835.20 (plus taxes, MI and insurance) or 180 payments of $4,363.91 (plus taxes, MI and insurance).

*Rate 4.125% and APR 4.526% is based on sales price of $250,000, with LTV 90%, 10% down payment of $25,000, loan amount $225,000.  360 payments of $539.85 (plus taxes, MI and insurance) or 180 payments of $809.97 (plus taxes, MI and insurance).

*Rate 4.125% and APR 4.526% is based on sales price of $250,000.00, with LTV 96.50%, 3.5% down payment of $8,750.00. loan amount $241,250.00.  360 payments of $1,169.22 (plus taxes, MI and insurance) .