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The Estimate Below is provided to help you determine if the Monthly Payment for this New Home is within Your Comfort Range. 
If You feel comfortable with this approximate figure, talk to a Mortgage Lender. 

 
  Plan Name The Alex Plan
(Includes Designer Oak Cabinets in Kitchen)
 
  Type of Loan Fixed Rate
(The Interest Rate Does Not Change for the life of the loan)
 
  Price $118,487  
  Down Payment $0  
  Interest Rate 5.5%  
       
  Principal & Interest $673  
  Taxes and Insurance $99  
  HOA Fees (includes lawn maintenance) $49  
       
  Estimated Monthly Payment $820  
       
  Additional Benefits or Credits $8,000 Tax Credit for First Time Buyer  
       
 

Interest Rates Vary Regularly. 
If the current rate is Lower than the one shown above, the Estimated Monthly Payment will be Lower.
If the current rate is higher than the one shown above, the Estimated Monthly Payment will be higher.