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Lender rating
Since January 2009
Not sure where I got 5.5% from, maybe my brain was working overtime. So, it depends on your rate. At 5% it's a good deal, and becoming less of a good deal as you move up the scale.
Hope that helps.
Lender rating
Since January 2009
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550 K FHA Loan With 3.5 % down.
Fee
Processing Fee $695
Credit Report $15
Estimated Outside Fees
Appraisal $400
Escrow $1200
Points 1% $4909
Tax Service $74
Under Writing $650
Flood Cert $16.00
Wire Fee $45.00
Recording Fee $40.00
Title Insrnce $900
Prepaid Items
1st Half Property Taxes TBD
3 Months Tax Impounds 975.63
1st Year Prop Insurance 800.00
Total : $8944
+ Down payment
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