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
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.