** Home Value: This is the listed sales price on a purchase and an estimated value on a refinance

​

** Down Payment: This is the sum of funds you will be investing in a purchase. On a refinance, this field should be $0

​

** Interest Rate: This rate is determined by speaking to your Mortgage Broker, Erin Pearce. There are several variables that constitute the information for your determined interest rate

​

** PMI: Property Mortgage Insurance. This is applicable only if you are putting down less than 20% of the sales price or loan amount is above 80% of the estimated value/purchase price. This is a variable number determined by your mortgage broker, Erin Pearce. Please reach out to her if you are putting down less than 20% on a purchase or if you believe your loan amount will be more than 80% of the estimated value.

​

​