re: VA loan

quote:

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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?

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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.