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The cost of a home mortgage per $100,000.
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Payments per $100,000: |
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|
FICO Score |
Interest Rate |
Payment |
Annually |
|
500-559 |
12.981% |
$1,105 |
$13,260 |
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620-674 |
7.338% |
$688 |
$8,256 |
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720-850 |
5.526% |
$569 |
$6,828 |
Based on a $300,000 mortgage the difference is almost $20,000 annually!