Your total monthly payment
Buying a Home in Oklahoma
Buying a home in Oklahoma, Kansas, Arkansas, or Alabama can be a great investment. If you’re looking at buying a home, the first step is estimating the monthly cost of a mortgage. Our calculator gives a simple estimate that covers the expected principle and interest payments. Be sure to test the different variables that affect the monthly cost.
- Down Payment – The more you pay down, the lower your monthly payment will be. The typical, minimum down payment is 3% for a conventional home loan, and 3.5% for FHA loans.
- Loan Length – Standard loan lengths are 15 year and 30 year loans. Choosing the right one for your personal financial situation is key.
- Interest Rate – Interest rates change over time and will be affected by your credit score. Your actual interest rates will be set once you submit an application.
A home purchase is a big step, that is why our loan officers are here to help you navigate the process.