These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Benjamin Hulshof

Windmill Mortgage Services LLC

President/Mortgage Consultant

NMLS 216697 | LO.02757.000

(614) 362-6828

ben@windmillmortgage.com

www.windmillmortgage.com

Conventional vs. FHA Loan
Property Info
Conventional
Sale Price
Annual Real Estate Taxes
Monthly Fee (HOA, condo, etc.)
FHA
Sale Price
Annual Real Estate Taxes
Monthly Fee (HOA, condo, etc.)
Down Payment and Loan Factors
2nd Mortgage Option
Property Expenses
Total Monthly Payments with Property Expenses
Closing Costs and PrePaid Expenses
Costs for Calculating APR
Cash to Close
Qualification
Summary
Conventional
Total Estimated Monthly Payment
Total Cash to Close
Income to Qualify @ ratio of
FHA
Total Estimated Monthly Payment
Total Cash to Close
Income to Qualify @ ratio of
Please Note- Closing costs are approximated, and this does not constitute a Good Faith Estimate or an offer to lend. Income and criteria to qualify can vary. Qualification is also dependent on the amount of other monthly recurring debt that you may have such as car loans, student loans, credit card debt, etc.

We're happy to assist with different scenarios or to explain further the differences that exist between these or other loan types. Everyone's situation is unique, and we are experts at matching yours to an affordable and comfortable loan program.


The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, or estimate of fees. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Good Faith Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.

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