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2. What is a down payment? - AOL

   www.aol.com/finance/down-payment-180952544.html

   For conventional loans, the minimum mortgage down payment is 3 percent. FHA loans require a down payment of 3.5 percent with a credit score of 580 or higher. For scores between 500 and 579, the ...

3. APR vs. interest rate: What’s the difference? - AOL

   www.aol.com/finance/apr-vs-interest-rate...

   Consider a 30-year fixed-rate mortgage for $300,000 at 7 percent interest, with a 1 percent origination fee ($3,000) and one mortgage point (another $3,000) for a total of $6,000 in fees. That ...

4. How much should a house down payment be? - AOL

   www.aol.com/finance/much-house-down-payment...

   Also beware that if you have a credit score below 580 (but no lower than a 500 score) and you obtain an FHA home loan, you’ll be required to make a minimum 10% down payment. Historical data for ...

5. The Average Credit Scores for 5 Types of Mortgage Loans - AOL

   www.aol.com/finance/average-credit-scores-5...

   Most lenders remove down payment requirements, offer competitive interest rates and include limited closing costs. The average credit score of someone with a VA loan is 692, and the average loan ...

6. What credit score is needed to buy a house? - AOL

   www.aol.com/finance/credit-score-needed-buy...

   You might qualify for an FHA loan with a credit score of 500 to 579, with a 10 percent down payment, or with a 3.5 percent down payment if your score is 580 or higher.

7. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The fixed monthly payment for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term. The monthly payment formula is based on the annuity formula. The monthly payment c depends upon: r - the monthly interest rate. Since the quoted yearly percentage ...