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While there are many variables, we can use the following calculations as a starting point for what the average mortgage payment of a $250,000 house might be. If you were using an FHA loan with a 3.5% down payment and paying 4.35% interest, your mortgage payment would be $1,057.85 a month.
Amount Financed $212,500.00
Mortgage Payment $1,057.85/mo
PMI $0.00/mo
Total Payment $1,057.85/mo
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