Compare Steadworth
Monthly savings with Steadworth Home Wealth Share Plan compared to other low down payment loan options
Roadmap
Steadworth Home Wealth Share
Traditional Mortgage with PMI
FHA
Loan*
Freddie Mac Home Possible Loan
Fannie Mae HomeReady Loan
Home Price
$500,000
$500,000
$500,000
$500,000
$500,000
Down Payment
$25,000
$25,000
$25,000
$25,000
$25,000
Principal
$400,000
$475,000
$475,000
$475,000
$475,000
Payments
360
360
360
360
360
Monthly Interest Rate
0.54%
0.54%
0.54%
0.51%
0.51%
Monthly Payment
$2,528.27
$3,002.32
$3,002.32
$2,893.83
$2,893.83
PMI / MIP / MI Rate
0%
0.80%
0.80%
0.50%
0.50%
PMI / MIP / MI Payment
$0
$316.67
$322.21
$197.92
$197.92
Effective Monthly Payment
$2,528.27
$3,318.99
$3,377.07
$3,091.75
$3,091.75
*One of the costs associated with an FHA loan is the Upfront Mortgage Insurance Premium (UFMIP), which is a premium equal to 1.75% of the base loan amount. This Principal amount represents a $475,000 mortgage with an additional UFMIP added on to the total amount of the home loan.
Let us show you the true power of Steadworth.
Let us show you the true power of Steadworth.
