http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ Something sounds odd there.&nbsp; I've got a great mortgage contact if you need a second opinion.&nbsp; He has a list of references a mile long and almost always has the best rates.&nbsp; He's the guy I would use for my personal home.&nbsp; Give me a call or send me an email if you would like his contact info.<br/><a rel="nofollow" href="http://www.officerrealty.com">www.OfficerRealty.com</a><br/> Fri, 20 Feb 2009 15:42:00 GMT http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ 2009-02-20T15:42:00Z http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ no. 3.5% is 4200. Something is fishy. Talk to another <a href="http://www.zillow.com/directory/lenders/">lender</a>. Two possibilities-he is lying, or he cant do math. Either one means move on.<br/>Remember to add your closing costs too. It may increase your cash at closing, and get a <a href="http://www.zillow.com/mortgage-glossary/Good-Faith-Estimate-%28GFE%29/">good faith estimate</a> asap. Sun, 15 Feb 2009 02:08:00 GMT http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ 2009-02-15T02:08:00Z http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ With an <a href="http://www.zillow.com/fha-loan/">FHA loan</a>, you need a minimum down payment of 3.5%.&nbsp;&nbsp; 3.5% of 120,000 is $4200.&nbsp;&nbsp;&nbsp; There are also likely to be closing costs.&nbsp; <br/> Sat, 14 Feb 2009 05:07:00 GMT http://www.zillow.com/advice-thread/2500-down-on-120-000-home/199217/ 2009-02-14T05:07:00Z