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*** Check current interest rates to ensure that your calculations are realistic.

Figures for Real Estate Taxes and Homeowners Insurance are estimates based on typical conditions in the Front Royal/Warren County area. Actual Real Estate Taxes depend on Assessed Value and also whether City Taxes apply in addition to County Taxes. Real Estate Taxes in other counties may vary.

Note that if you input a mortgage amount based on an LTV (Loan to Value) in excess of 80%, the calculator will assume a PMI (Private Mortgage Insurance) payment as a result. This is for illustration purposes only, and you will need to talk with your mortgage lender to establish the maximum LTV available to you, and the specific terms of the PMI.

However FHA loans for 96.5% of purchase price are readily available, incurring an FHA premium. Those eligible for VA (Veterans) loans can obtain 100% mortgages with no monthly premium, but there is usually an additional fee at the outset (which may be added to the loan and thereby increase the repayments). Other government supported schemes up to 100% of purchase price (including USDA backed loans) may be available.

It is recommended that you consult your mortgage lender for further clarification. If you require an introduction, please contact me . . . I work with the best!