Figures shown below are an estimate only.
Please consult an Iowa REALTOR® for more detailed mortgage information.
Additional loan options may be available to help you afford your home.
Contact an Iowa REALTOR® for more information on loan programs.
|Loan Amount: This is the amount
of your loan, excluding a down payment or other supplementary financing.
Lenders typically require supplementary financing or Private Mortgage
Insurance if your down payment is less than 20% of the purchase price.
|Interest: This is the interest
rate you expect to receive from a lender. Interest rates vary according
to market conditions and your credit rating.
|Years: The number of years
it will take you to repay the loan. Typical loan durations
are 30, 20, or 15 years.
|Annual Tax: Enter an estimate
of your local property or city taxes, expressed as an annual amount.
|Annual Insurance: Enter the
annual amount you expect to pay in property or hazard insurance.
|Annual Dues: Enter the annual
amount you expect to pay in association or homeowner dues. This typically
applies to condo or townhouse buyers and some subdivisions that require
membership in a homeowner association. An Iowa REALTOR® can provide
you with dues requirements for your area.
|When buying or selling a house in Iowa,
your REALTOR® can help you find the right financing options.