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re: VA loan
Posted on 10/28/15 at 8:42 pm to Ace Midnight
Posted on 10/28/15 at 8:42 pm to Ace Midnight
So a 180k loan at 4.5% would have a monthly payment of just over$900 and $300 worth of escrow would be reasonable and would equal the 1200 payment the op is speaking of?
1
Posted on 10/28/15 at 8:46 pm to Tigerpaw123
quote:
So a 180k loan at 4.5% would have a monthly payment of just over$900 and $300 worth of escrow would be reasonable and would equal the 1200 payment the op is speaking of?
Maybe - if that's what is being quoted. That would be about right - 4 1/2-ish, with $3k (maybe more - if the funding fee can't be financed) or so at closing, P&I about $900ish. But no down is required against the principal.
If the $1200 is his P&I, that is a rate of about 7.
This post was edited on 10/28/15 at 8:47 pm
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