The Cassidy Team: North Shore Realtors » lower interest rate http://www.deborahcassidy.com Let the Power of Our Team Work for You! Thu, 12 Jan 2012 21:50:29 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 BETTER CREDIT SCORE, CHEAPER HOUSE PAYMENT http://www.deborahcassidy.com/deborahs-blog-articles/better-credit-score-cheaper-house/ http://www.deborahcassidy.com/deborahs-blog-articles/better-credit-score-cheaper-house/#comments Mon, 25 Jan 2010 21:50:47 +0000 Jennifer http://www.deborahcassidy.com/?p=605 If  a family put a 3.5% down payment on a $172,900 house with a resulting loan of $166,850.  Here is what their bottom line would look like…

Score Rate Monthly Payment Total Cost
760+ 4.981% $893.75 $326,900
700-759 5.203% $916.50 $335,090
680-699 5.380% $934.83 $341,689
660-679 5.594% $957.22 $349,749
640-659 6.024% $1002.93 $366,205
620-639 6.570% $1062.30 $387,578

Less than 620: it will be tough to get a loan.

Difference between the top score and the bottom one? Over $60,000 in real savings.

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