DR Horton @ Bar W Mortgage Estimate
by Alfonso "Fonz" Rodriguez @ Pinnacle Realty Advisors
As of 12/20/2024
2333 March Hare Trace, Leander TX 78641
4 Beds, 3 Baths, 2 Story, 2,310 sq ft, 2 Story, North East Facing @ $450,990, Ready in February
The current incentive offered by DR Horton is:
- A fixed 4.99% FHA mortgage
- $6,000 towards closing costs
The builder is also open to reasonable offers on the price or additional incentives that include the fridge, washer, dryer & blinds. The builder is not automatically including those things.
Below is a detailed mortgage estimate for FHA.
- A fixed 4.99% FHA mortgage
- $6,000 towards closing costs
The builder is also open to reasonable offers on the price or additional incentives that include the fridge, washer, dryer & blinds. The builder is not automatically including those things.
Below is a detailed mortgage estimate for FHA.
4.99% 30 Year Fixed FHA Mortgage Estimated Payment with $50k down: $3,366.32
- Principle & Interest: $2,187.78
- Property Taxes: $862.58
- Mortgage Insurance: $165.96
- Homeowners insurance: $100.00
- HOA: $50.00
- $50,000 down payment
- Principle & Interest: $2,187.78
- Property Taxes: $862.58
- Mortgage Insurance: $165.96
- Homeowners insurance: $100.00
- HOA: $50.00
- $50,000 down payment
4.99% 30 Year Fixed FHA Mortgage Estimated Payment with 3.5% down: $3,585.17
- Principle & Interest: $2,374.45
- Property Taxes: $862.58
- Mortgage Insurance: $198.13
- Homeowners insurance: $100.00
- HOA: $50.00
- 3.5% ($15,784.65) down payment
- Principle & Interest: $2,374.45
- Property Taxes: $862.58
- Mortgage Insurance: $198.13
- Homeowners insurance: $100.00
- HOA: $50.00
- 3.5% ($15,784.65) down payment
4.99% 30 Year Fixed FHA Mortgage Estimated Payment with 5% down: $3,527.45
- Principle & Interest: $2,337.55
- Property Taxes: $862.58
- Mortgage Insurance: $177.32
- Homeowners insurance: $100.00
- HOA: $50.00
- 5% ($22,649.50) down payment
- Principle & Interest: $2,337.55
- Property Taxes: $862.58
- Mortgage Insurance: $177.32
- Homeowners insurance: $100.00
- HOA: $50.00
- 5% ($22,649.50) down payment
I suggest going for this home because it's everything you want. The monthly payment is a little higher than you wanted but it's OK to pay a little more to get exactly what you want. Over time you will be able to refinance at a lower rate anytime & remove PMI. SInce your plan is to rent out 1-2 rooms then your mortgage payment will be subsidized by the rental income.