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Rent vs. Own Analysis
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Have a Mortgage Question?   Please Contact: Customer Assistance - Towne Mortgage
 Office: (888) 637-1321    E-mail: Customer Assistance
  Contact us for a Mortgage Pre Approval and to receive a complete Mortgage Plan.

Property Summary Information - MLS: 0839855 William E Wood & Associates

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Address: 2924 MARNE AVENUE - Norfolk, Virginia 23509-2522 To schedule a showing of this property, please contact:
Customer Service
Phone: (123) 456-7890
E-mail: Customer Service
Asking: $212,000 Bedrooms: 3 Baths: 2
Year Built: 2003 Appx. Sq. Ft: 2000 Lot Size:
   
Available Programs from Towne Mortgage
The payments below assume an Asking Price of $212,000 with a Down Payment of 20.0% for 2924 MARNE AVENUE - Norfolk, Virginia 23509-2522.

 
30 Year Fixed
5/1 Arm
FHA 30 Year Fixed
VA 30 Year Fixed
10/1 Interest Only Arm
 Loan Amount:
$169,600
$169,600
$172,568
$173,246
$169,600
 Down Payment:
$42,400
$42,400
$7,420
$42,400
$42,400
 Interest Rate:
5.000%
4.000%
4.875%
4.500%
5.000%
 APR:
5.260%
4.010%
5.455%
4.940%
5.010%
Monthly Payment
   Mortgage Payment:
$910
$810
$913***
$878
$707
   Taxes:
$185
$185
$185
$185
$185
   Insurance:
$53
$53
$53
$53
$53
   Assessments:
$0
$0
$0
$0
$0
   PMI:
$0
$0
$79
$0
$0
Total Payment*:
$1,148
$1,048
$1,230***
$1,116
$945
*Total payment includes an estimation of principal and interest payment, property taxes, assessments, home owners insurance and private mortgage insurance (PMI) if applicable. ***FHA loans allow for a 3.5% Down Payment. You can change your down payment amount below.
Enter an Estimated Offer Price and Down Payment in order to see your specific payment scenario:
 
 1 
Estimated Offer Price:
 2 
 Down Payment  or   Percent:  
    $   $

Your choice of the proper mortgage program will depend on several factors that will vary from one person to the next. These factors that should be considered include:

Budget Constraints
Length of Time in Home
Voluntary Pre-Payment Plans
Possible Changing Interest Rates

At Towne Mortgage, we specialize in this type of mortgage planning. Please contact us today to discuss program options that best fit your situation.

Customer Assistance
Towne Mortgage
Office: (888) 637-1321
E-mail: Customer Assistance

Towne Mortgage - Interest Rate Information Updated as of 2/4/2010 1:18:00 PM

See conditions below

 
The rates listed above are an indicator of the current rates and market. This is being provided for informational purposes only and is not a commitment. Applicant must be aware that the APR on adjustable-rate loans is subject to increase after consummation. Actual loan qualifying is subject to verification and approval of income, credit, property, appraisal and other factors. Rates, fees and programs are subject to change at any time without prior notice.