Loan Scenario
So now you have a basic understanding of what 100% financing is, letÂ’s show you how it works with actual numbers.
To simplify the illustration, the following loan scenarios are based on the 30-year fixed rate program. We do, however, offer interest-only as well as adjustable
rate program to borrowers who prefer lower interest rate and/or lower monthly payment. Please contact one of our loan consultants for a customized solution
that would work for you.
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OPTION A
(80/20 Combo)
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1st loan amount of $240,000 @ 6.25%
$1,477.72/month
2nd loan amount of $60,000 @ 7.75%
$429.85/month
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Total monthly payment is
$1,907.57/month
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OPTION B
(100% loan + PMI)
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1st loan amount of $300,000 @ 6.25%
$1,847.15/month
Private Mortgage Insurance
$227.50/month
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Total monthly payment is
$2,074.65/month
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OPTION C
(100% loan + lender paid PMI)
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1st loan amount of $300,000 @ 6.625%
$1,920.93/month
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Total monthly payment is
$1,920.93/month
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OPTION A
(80/20 Combo)
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1st loan amount of $480,000 @ 6.375%
$2,994.58/month
2nd loan amount of $120,000 @ 7.75%
$859.69/month
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Total monthly payment is
$3,854.27/month
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OPTION B
(100% loan + PMI)
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1st loan amount of $600,000 @ 6.375%
$3,743.22/month
Private Mortgage Insurance
$455.00/month
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Total monthly payment is
$4,198.22/month
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OPTION C
(100% loan + lender paid PMI)
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1st loan amount of $600,000 @ 6.625%
$4,162.02/month
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Total monthly payment is
$4,162.02/month
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The illustrated payment is too high? The assumed loan amount is too low? The loan consultants at 100percentloan.com are ready to provide you with
customized rate quotes along with payment options based on your own loan scenerio. Click here to find out we can realize your dream of becoming a
homeowner!
Our 100% financing option is available not only to borrower who is buying a primary residence, but also borrower who is interested in purchasing a
secondary residence as well as investment property. More importantly, do not let small credit imperfection prevent you from owning your home. We
have financing options for borrowers with middle FICO score as low as 580 in most cases. As for self-employed individuals and borrowers who receive
1099 income, please do not forget to ask us about our stated income/no income documentation programs.
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