Self Managed Superfund – A type of superannuation in Australia
Articles by Lopez
Colin
If you would like more informaiton please visit here …
More SISA article
Question by Sarah J: Need help picking the right mortgage!!?
I am trying to compare these 3 loan offers. I think I have figured that in the long-term 30 yr life of the loan, more about the 80/15/5 loan will save us the most money. I want to see if we sell in appx. 8 yrs, which is the best choice for us. We do have access to the downpayment amount but also are considering putting it towards higher interest rate credit cards.
FHA:
$ 143,366 30 yr fixed at 6.125 (includes upfront MIP of 2118) – $ 871.11/mo plus appx $ 60/mo PMI
$ 3221.98 closing costs
$ 3252 downpayment
$ 4500 seller’s assistance
80/20:
$ 115600 30 yr fixed at 6.375 – $ 721.19/mo
$ 28,900 15 yr fixed at 8.375 (paying the extra per month to pay off the 2nd mortgage in 15 yrs) – $ 282.48/mo
$ 2965 closing costs
$ 0 downpayment
$ 4500 seller’s assistance
80/15/5:
$ 115600 30 yr fixed at 6.000 – $ 693.08/mo
$ 21675 15 yr fixed at 9.25 (paying the extra per month to pay off the 2nd mortgage in 15 yrs) – $ 223.08/mo
$ 2816 closing costs
$ 7225 downpayment
$ 4500 seller’s assistance
Best answer:
Answer by Mike R
Hi,
you might try these companies, too and see if you even get better deals:
http://www.usefulresources.info/eloan-cj.php
http://www.usefulresources.info/lowrates-lendingtree-az.php
Wish you all the best!
Mike
What do you think? Answer below!