Here’s a quick overview of current mortgage rates/payments for some typical scenarios that we have run for consumers recently.

(These scenarios are for example purposes only, and are not an offer of credit. All scenarios, unless otherwise noted, presume a borrower with at least a 780 median FICO score and sufficient income, assets, and employment history to qualify for the loans in question, purchasing a detached single-family property in Virginia and planning to occupy that property.)

• $130k purchase, $104k loan (20% down), 30-year FRM, Investor Loan, Condo Apartment: 5.000% paying 2 discount points, for a monthly PI payment of $558.29
• $130k purchase, $97.5k loan (25% down), 30-year FRM, Investor Loan, Condo Apartment: 5.000% paying 0 discount points, for a monthly PI payment of $523.40
• $500k purchase, $400k loan (20% down), 5/1 LIBOR ARM (5/2/5 caps): 3.750% paying 0 discount points, for a monthly PI payment of $1852.46
• $1million purchase, $800k loan (20% down), 30-year FRM: 6.5% paying 0 discount points, for a monthly PI payment of $4333.33
• $1milion purchase, $800k loan (20% down), 5/1 LIBOR ARM (5/2/5 caps): 5.125% paying 0 discount points, for a monthly PI payment of $4355.90
• $1.1million purchase, $825k loan (25% down), 5/1 LIBOR ARM (5/2/5 caps): 4.490% paying 0.250 discount points, for a monthly PI payment of $4175.25

Possibly related posts (automatically generated):

1. Mortgage Scenario Snapshot 10/26/09
2. Mortgage Scenario Snapshot 12/5/09
3. Condos With High Investor Ratios
4. FHA changes mortgage insurance premiums
5. FHA/VA Adjustable-Rate Mortgages Can Be A Great, Safe, Deal
6. Estimating Monthly Payments (the old version)
7. Estimating Monthly Payments
8. HUD Increases FHA Mortgage Insurance Premiums
9. How Ethical Homes’ Mortgage Team Helps Buyer Agents Close More Deals
10. More on ARM sticker-shock

Tags: mortgage, scenarios