Loan Payment – MaxVA Loan

Estimate your Loan payment:

1. Home Value:
2. Down Payment:
3. Down Payment Percent:
4. Loan Term:
  30 years
  
  15 years
5. Interest Rate: 2.957% APR Estimated rate, yours may differ.
6. Credit Score:
  Excellent 720+
  
  Good 680-719
  
  Fair 640-679
  
  Poor Below 640
7. Loan Type:
  
  Purchase Loan
8. Property Tax Rate: Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Your Loan Officer can help you determine property tax rates in your area.
9. Annual homeowners insurance Annual homeowners insurance is typically 0.35% of the home's value but can vary based on insurer.

Your Estimated
Monthly Payment:
$845

Principal & Interest $592
Taxes $150
Insurance $44
PMI $59

Loan Totals:

Purchase Price $150,000
Down Payment $7,500
Total Loan Amount $142,500

Estimated Taxes & Insurance: Property taxes are generally estimated to be 1.25% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.

PMI The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.

Estimated Monthly Payment:

$845

See Payment Breakdown