Buy at Flint Pond Estates for $2,247 per month!

According to Countrywide Mortgage the 30-year fixed rate interest rates is currently at 6.125% with 2 points (6.38 APR) and the 15-year rate is at 5.75% also with 2 points (5.94 APR). These low rates have had a significant positive impact in making home prices affordable to many homebuyers. For example, a home selling for $339,900.00, with a 20% down payment on a 6.125% fixed interest rate, the minimum income required to purchase is just above the required is less than $82,000.00 annual household income. The monthly payment of roughly $2,247.00 includes principal and interest, real estate taxes, homeowners insurance and the condominium fees. A mortgage insurance in not required if the amount of deposit is 20% of the sales price or more.