Your total monthly payment
Principal & Interest:
Buying a Home in Oklahoma
Buying a home in Oklahoma 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.
Start Your Journey Toward Homeownership
With Financial Concepts Mortgage, the loan approval process has never been easier! If you have any questions about our loan offerings or application process, our knowledgeable team of home loan officers is ready to help.