Mortgage Option Comparison
| FHA | Conventional | Custom- Convent | ||||
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| Custom Down Payment |
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| Purchase |
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| Down Payment | 3.5% |
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5% |
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| Base Loan Amount | |
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| UMIP: | 1.75% |
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| Financing Amount |
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| Interest Rate: |
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| APR: |
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| Payment |
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| RE Taxes |
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| Homeowner's Insur |
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| Mortgage Insurance |
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| Total Payment |
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| Down Payment |
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| Closing Costs(approx) |
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| Escrows/Prepaids(Approx) |
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| Total Cash Needed |
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| Purchase | ||
| Down Payment | 3.5% |
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| Base Loan Amount | |
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| UMIP | 1.75% |
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| Financing Amount |
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| Interest Rate |
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| APR |
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| Payment |
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| RE Taxes |
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| Homeowner's Insur |
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| Mortgage Insurance |
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| Total Payment |
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| Down Payment |
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| Closing Costs(approx) |
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| Escrows/Prepaids(Approx) |
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| Total Cash Needed |
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| Purchase |
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| Down Payment | 5% |
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| Financing Amount |
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| Interest Rate: |
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| APR |
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| Payment |
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| RE Taxes |
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| Homeowner's Insur |
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| Mortgage Insurance |
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| Total Payment |
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| Down Payment |
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| Closing Costs(approx) |
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| Escrows/Prepaids(Approx) |
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| Total Cash Needed |
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| Custom Down Payment |
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| Purchase | |
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| Down Payment |
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| Financing Amount |
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| Interest Rate: |
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| APR |
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| Payment |
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| RE Taxes |
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| Homeowner's Insur |
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| Mortgage Insurance |
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| Total Payment |
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| Down Payment |
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| Closing Costs(approx) |
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| Escrows/Prepaids(Approx) |
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| Total Cash Needed |
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Rates and APR are subject to change at any time and an individual’s APR may
vary. A Loan Professional will provide you with a loan estimate of your
program choosing. The information contained is subject to change without
notice. The information contained is for instructional purposes only. This
is NOT a Commitment to Lend. A full Application containing income, assets
and credit will be required for a full determination.
South Shore Mortgage is a Licensed Mortgage Banker/Lender/Broker in NJ, CT,
FL, ME, MD, DE, MN, IL, CA Banker, New Jersey Department of Banking &
Insurance Registered Mortgage Broker, NYS Department of Financial Services,
All Loans Arranged Through 3rd Party Providers.
Registered Mortgage Broker, NYS Department of Financial Services, All Loans
Arranged Through 3rd
Party Providers.
NMLS#1310
325 Sunrise Hwy, Lindenhurst, NY 11757
631-956-0111
www.southshoremortgage.com