Typical Buying Scenario
Updated 09-27-2022
| Terms | Conventional | Conventional | FHA | VA | USDA | Jumbo Conventional |
|---|---|---|---|---|---|---|
| Credit Score | 720-739 | 760+ | 660+ | 660+ | 660+ | 760+ |
| Purchase Price | 720-739 | 760+ | 350k | 350k | 350k | 1.2M |
| Down Payment | 5% | 20% | 3.5% | 0% | 0% | 20% |
| Loan Amount | 332K | 280k | 338k | 350k | 350k | 960k |
| Payment | 2202.00 | 1770.00 | 2400.00 | 2293.00 | 2392.00 | 6287.00 |
| Par Rate Range | 6.500-6.625 | 6.500-6.625 | 6.375-6.500 | 6.625-6.750 | 6.625-6.750 | 6.875-7.00 |
Rates provided by Jenny Vermillion at Commonwealth Mortgage
