Closing Costs Eliminator

Need a little help with your closing costs? You could go to a relative and ask for the money, but CityWorth Mortgage has made it even easier with the Closing Costs Eliminator.

It's simple! You choose a slightly higher interest rate and get the benefit of extra cash to use toward your closing costs. Check out this example to see just how much you could reduce your closing costs.

Example:  Loan Amount $165,000*

     Your Rate                  APR              

Monthly Payment*      

Credit Toward Your Closing Costs

3.75% 4.881% $778

$0

4.25%

5.342% $826 $1679

4.50%

5.596% $851

$2518

Customize Your Savings!

30 Year FHA Fixed Rate based on rates effective May 30, 2017.

*Example #1 of $165,000 loan amount, 3 1/2% down payment, 96.5% LTV and credit score of 660 fixed for 360 months. Rate of 3.75% (4.881% APR) with .50 pts. Interest rates may change depending on your loan to value, loan amount and credit score. A minimum loan amount of $75,000 is required; secured by your primary residence. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. 

*Example #2 of $165,000 loan amount, 3 1/2% down payment, 96.5% LTV and credit score of 660 fixed for 360 months. Rate of 4.25% (5.342% APR) with -1.00 pts credited towards closing costs. Interest rates may change depending on your loan to value, loan amount and credit score. A minimum loan amount of $75,000 is required; secured by your primary residence. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. 

*Example #3 of $165,000 loan amount, 3 1/2% down payment, 96.5% LTV and credit score of 660 fixed for 360 months. Rate of 4.50% (5.596% APR) with -1.50 pts credited towards closing costs. Interest rates may change depending on your loan to value, loan amount and credit score. A minimum loan amount of $75,000 is required; secured by your primary residence. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. 

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