Rate Drop

Dawn Griffin Posted by
Mortgages and Loans Jan 2008

A lender that I work with just sent this info in an email to me yesterday.

Just an FYI – rates took a .250% drop on Friday so if you have anybody on the fence now is the time. A 30 year fixed with no points should come in right around 5.875% on loan amounts above $125,000.00. If you have any questions about anything else let me know. I will be available all week.

What does that look like in terms of a monthly payment?

$200,000 sale price

3% down

30 year fixed

5.875% interest rate

—————————-

$1147.58 would be the monthly principle and interest payment. Then add taxes and insurance which are different for every home.

To perform other calculations click here.

To view 5 active listings under 200K click here.

St. Louis Real Estate Blog

New Listings, Market Trends, and Happenings from the Dawn Griffin Group.

View All Blog Posts Meet the Team

Dawn Griffin Group