My husband and I are below contract for a home and obtained 2 mortgage estimates.
Mortgage 1 is 2.75% curiosity, but it surely seems to have larger closing prices. The ‘estimated money to shut’ is $64,931, which incorporates the $3,000 deposit again.
Mortgage 2 is 3% curiosity, but it surely seems to have decrease closing prices. The ‘estimated money to shut’ is $65,560, which doesn’t checklist the $3,000 deposit again, making it actually $62,560.
We plan on staying on this home for a few years and are misplaced.
Thanks!