Good morning this is Marianne and I'm with real pro innovations I'm going to update my FHA financing and buyers cost video so we have the most current information and the most current ideas on how to use it to benefit your clients this is a real pro for windows program and of course it does every other kind of loan FHA VA conventional buyers and sellers cost but today's sample is going to be about the FHA so we're going to click on financing I'm going to go to FHA and put in our sales price let's say this example is going to be 260,000 it's not a 203k but you can do a 203k loan with this that'll be another video and let's say today's interest rate is five and a half in which I'm showing right here the down payment is 3.5 and that's 90 100 bringing you to the first trust deed right here of to 5,900 all FHA loans have MIP and that's based on 1.75 so all no matter what the loan-to-value is all FHA loans have up front MIP added to the loan taking you to the first trust deed the total first trust deed which is 255 to 90 the payment at five and a half percent you can see right here is 14 49 51 in this market people kind of get hung up on interest rates I don't you know that used to be five percent now it's five and a half i wish i would have bought back then or i'm afraid it's going to go to 5.75 in order to very quickly and easily show your client that the difference between the payments is not that great is to simply change the interest rate we go back here...
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Good faith ecalculator Form: What You Should Know
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