Does it look good?

Dec 5, 2019 13 Comments

hey, folks! getting a new house in Austin, TX and currenlty shopping for mortgage. My criteria is:
house price: 477k
down payment: 20%
loan type: conventinal 30 years
credit score: 800+

reaults:
lender 1: 3.5%
lender 2: 3.625% with 10k closing cost paid off
lender 3: 3.7% with all closing cost paid off

what do y’ll think?

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TOP 13 Comments
  • Why is this a poll? 3.5% less than 3.625 and 3.8% and over 30 years that 10k off doesnt cover .3% increase in interest lol
    Dec 5, 2019 2
    • Nordson gotcoffee
      I think OP wants to know if 3.5% is bad
      Dec 5, 2019
    • Its about average for a conventional loan right now.
      Dec 5, 2019
  • VMware / Eng
    tyxS31

    VMware Eng

    PRE
    Microsoft, Hulu
    tyxS31more
    If your household income is 300k go for 15 years fixed
    Dec 5, 2019 0
  • Cisco BlissFull
    Get a 5/7 yr arm. And after 5/7 years get a 15 yr fixed and kill it sooner than slaving for extra 10/8 years!
    Dec 5, 2019 0
  • Nordson gotcoffee
    What’s your household income?
    Dec 5, 2019 5
    • Apple hsiwkpq
      OP
      I was contemplating about it but ran a quick math that the if i were to keep that extra payment in high yield saving, i can get more profit.
      Dec 6, 2019
    • Nordson gotcoffee
      Good point!
      Dec 6, 2019
  • New / Eng lHpK84
    Call BNC national bank. Best rates I've seen
    Dec 5, 2019 1
    • Apple hsiwkpq
      OP
      Thanks. Will do!
      Dec 5, 2019

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