The rate and costs will vary depending on how you are structuring the purchase. Even at 50% LTV, the agencies charge 1.75%. The broker can up the rate to try to cover some of the cost or you can pay it upfront.

If you were paying it up front, my rate to day would be 6.875% with closing costs of $500 plus recording + $3500 = $3,850.

If you don’t plan to hold the property very long, then it could make sense to increase the rate to cover some of the adjustment, but you will get to a point where it doesn’t make sense to do that.

We also have some portfolio programs for that scenario where you would just pay .5% + $500 + all third party fees. We have a 3 year arm at 6.75% or a 1 year arm at 5.99%.

I hope this information is helpful.

You judge by shopping around in your locality using your exact information. Throwing out a worldwide net on Yahoo won’t be much use to you.

i assume you mean 20k down, since 200k down would be no need for a mortgage.

rate between 5.5 and 6.0 would be good. i suggest waiting a few months if you are in a market where the price is dropping so that you do not have negative equity from the start. either that, or tell the person that the market is dropping and you will be waiting a year unless they want to just drop the price to 180k (next years price) to get it sold quicker.

There’s no loan here.

Rates today are about 6 - 6.5% for a 30-year fixed. If you are paying points, that gets knocked down a bit.

Source: bankrate.com

Rates are climbing alittle- I would say 6.5-7%. Depends on if you want to pay points. Investment Properties always add to the interest rate though, so it might be closer to 7% or alittle higher.

200k Loan with a 200k Down payment? Interest would be 0 - as it would be paid off.

Rates are up this week to 6.47 on homes but investment property rates are always higher. Shop for rates as much as you shop for property then choose the best deal for yourself.