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re: FHA or Conventional?
Posted on 3/20/20 at 2:07 pm to Lsutiger2424
Posted on 3/20/20 at 2:07 pm to Lsutiger2424
15 or 20 year? How much did your monthly payment go down?
1
Posted on 3/20/20 at 2:27 pm to Paul Allen
Started out 30 year fha because I was eligible for the first time home owners program, which gave me $25,000. When I did it in December I elected to do a 20 year conventional instead of refinancing the 24 Years which I had left.
My rate now is 3.625 at 20 years.
With the FHA loan, after the PMI was factored in it was like 4.8% or around that. I don’t remember the exact number.
My note on my new Conventional loan which shaved 4 and a half years off is $100 lower than what I was paying with the FHA loan.
My rate now is 3.625 at 20 years.
With the FHA loan, after the PMI was factored in it was like 4.8% or around that. I don’t remember the exact number.
My note on my new Conventional loan which shaved 4 and a half years off is $100 lower than what I was paying with the FHA loan.
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