Answers (2)
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:3086
Hi Tara,
Funny that you bring up this listing on Trinidad because it is my listing but apparently this agent hijacked it. The home is under contract BTW.
However, to answer your question.
When you first pull it up and it shows a monthly payment of $1720, it is based on a 30 year fixed rate of 4.03 and 80% LTV.
Once you click on it the LTV changed to 90% which would include the MI as well, the monthly payment should change to 2423 and does NOT include taxes or insurance.
I hope this makes sense.
Naima
Funny that you bring up this listing on Trinidad because it is my listing but apparently this agent hijacked it. The home is under contract BTW.
However, to answer your question.
When you first pull it up and it shows a monthly payment of $1720, it is based on a 30 year fixed rate of 4.03 and 80% LTV.
Once you click on it the LTV changed to 90% which would include the MI as well, the monthly payment should change to 2423 and does NOT include taxes or insurance.
I hope this makes sense.
Naima
- Gina Nyland, "Gina Nyland"
- Contributions:36
Hi, Tara.
When you pull the individual property, it looks like the mortgage payment recalculates to a scenario that would include taxes and insurance.
If you click on the monthly payment, you can change the preference from a 30 year mortgage to a 15 year...change your down payment, etc.
I will tell you, it's been my experience, that these calculations are based on best case scenario. Everything depends on your credit score and the amount of money you have to put down....but it's a great place to start.
Hope this was helpful and have a great weekend.
Gina Nyland
REALTOR, GRI
Buyer's Specialist
The Nyland Team
Prudential Texas Realty
When you pull the individual property, it looks like the mortgage payment recalculates to a scenario that would include taxes and insurance.
If you click on the monthly payment, you can change the preference from a 30 year mortgage to a 15 year...change your down payment, etc.
I will tell you, it's been my experience, that these calculations are based on best case scenario. Everything depends on your credit score and the amount of money you have to put down....but it's a great place to start.
Hope this was helpful and have a great weekend.
Gina Nyland
REALTOR, GRI
Buyer's Specialist
The Nyland Team
Prudential Texas Realty
monthly payment ...
Monthly Payment - $xxxx
When you click on the home your interested in... it brings up more info on the home..bigger picture ,,, etc. Then the monthly payment increases 20-40 percent...i was wondering why. Its kinda hard to explain,,now that im trying to do so.. sorry if it seems vague.
heres an example go to. http://www.zillow.com/homes/for_sale/Allen-TX/
The home on 1808 Trinidad Ln Allen tx, it says the monthly payment is -$1,729....now i click on the picture for more info ...http://www.zillow.com/homedetails/1808-Trinidad-Ln-Allen-TX-75013/80062616_zpid/#image=imgId%3DX1-IAozs1c9cuxk7l_fyih2
now the monthly payment is $2,423..... I was wondering what was included in that price change to help narrow my search.
Thank you,
tara
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