Office Mike: 360.567.3768 4601 NE 77th Ave., Suite 100, Vancouver

About Our Service   Application  Compare Loans Below is a comparison of a conventional loan to a 80/15/5 loan, to a 80/20 loan. 80/15/5 loans are common for those that have a little saved up for a down payment, and the 80/20 loans are common for those that don't have any cash to use for the down payment. Both of these loan types are structured to avoid the mortgage insurance. Purchase Price and Terms Purchase price:      First mortgage Conventional 80/15/5 Loan 80/20 Loan Down payment:  5% down:  0% down:  Loan term:  years Loan term:  years Loan term:  years Interest rate:  % Interest rate:  % Interest rate:  % Second Mortgage     15% second:  20% second:      Loan term:  years Loan term:  years     Interest rate:  % Interest rate:  % Estimated Monthly Payments (does not include items such as HOA's, special taxes, land leases...) 1st loan amount:  80% first:  80% first:  1st P&I:  1st P&I:  1st P&I:         2nd P&I:     2nd P&I:  Monthly taxes:  Monthly taxes:  Monthly taxes:  (based on 1.15%) Hazard ins.:  Hazard ins.:  Hazard ins.:  (based on .030%) Mortgage ins.:  (if LTV > 80%)   Total payment:  Total payment:  Total payment:  Loan to value:  % Loan calculations based on a conforming conventional loan program. This calculator is supplied for estimate purposes only and to provide you with a general idea. Accuracy of the results are not guaranteed, or the applicability to your situation. Please consult a qualified professional for a more detailed quote.   | splash | about our service | application | Design & Contents Copyright © 2010 -  Partners -  All rights reserved -  Helpful Resources -  Privacy Statement 4601 NE 77th Ave., Suite 100  - Vancouver  - WA  - 98682  - 360.567.3768 Mortgage Websites by Web611.com  Equal Housing Opportunity.