How To Calculate Your Payment:
For the Total Amount field use the expected purchase price.
For the Down Payment field use the amounts below for minimum down payments.
- 5% of the purchase price is the minimum down payment for conventional loans
- 3.5% of the purchase price is the minimum down payment for FHA loans
- 0% minimum down for VA loans
- 0% minimum down for USDA loans - Home must be in a qualifying rural area
For the Interest Rate field see the Daily Rate Report for today's most prevalent rates. In most cases your rate at First Assured us typically lower than the posted "most prevalent" rate.
For the Ammortization Period field use the number of years you would like for your term from 10 yrs to 30 yrs.
For the Payment Period field use "monthly".
*The information provided by our calculators cannot be guaranteed in regards to your individual financial position by www.firstassuredmortgage.com. All examples are hypothetical for illustrative purposes only. For the most accurate and personalized results, we encourage you to seek advice from one of our qualified financial professionals.