![]() Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. For mortgages with a loan-to-value (LTV) ratio of 92.51%, the 0.8% monthly MIP will be paid for the first 30 years of the mortgage term, or the end of the mortgage term, whichever comes first. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.8% of the base loan amount. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military. Some state and county maximum loan amount restrictions may apply. The actual payment amount will be greater. Payment does not include taxes and insurance premiums. The Annual Percentage Rate (APR) is 2.874%. The payment on a $247,000, 30-year fixed-rate loan at 2.49% and 92.51% loan-to-value (LTV) is $974.67 with 2.125 Points due at closing. Payment does not include taxes and insurance. One point is equal to one percent of your loan amount. ![]() ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |