Jul 08
28
Our USDA Rural Home Loan will save you a truck load of cash and help you keep your money in your own bank account after closing…
Here’s a quick comparison of the USDA Rural Home Loan and an FHA Mortgage Loan.
Apply for a USDA Loan Online Now: Loan Application
How Much Can Be Financed?
- 102% of the APPRAISED value! (finance up to $153,000 in this example)
|
Appraised Value |
$150,000 |
|
Purchase Price |
$145,000 |
|
Closing Costs & Prepaids |
$5,000 |
FHA, Conventional or our USDA Rural Home Loan? Which is better for YOU?
|
|
FHA |
Conv. |
RHL |
|
Purchase Price |
200,000 |
200,000 |
200,000 |
|
Loan Amount |
194,300 |
190,000 |
204,000 |
|
Principal & Interest |
1,228.11 |
1,264.07 |
1,289.42 |
|
Mortgage Ins. Premium (monthly) |
80.96 |
272.33 |
0.00 |
|
Total Monthly Payment |
1,309.07 |
1,536.40 |
1,289.42 |
|
DOWN PAYMENT |
5,700 |
10,000 |
0.00 |
You can apply for a USDA Guaranteed Rural Home Loan here.
