Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply
Help calculating mortgage on my potential first property??
I am first-time homebuyer looking at a triplex in the Philadelphia area. I am likely looking to get a 30-year fixed FHA loan with 3.5% down, which looks like the monthly payments would work out to around $2,000/month according to my mortgage calculator. However, my realtor is saying that it would actually be $2,600/month. Any idea why there is such a discrepancy between the two numbers?
- List price: $419,900
- 2015 taxes: $2,742 (according to
- Credit score: 760
Any help would be greatly appreciated. Thank you!