What is more important to you? A lower monthly payment, or lower  out of pocket expenses at loan closing?

We realize that the each borrower has different needs for financing. That is the exact reason that JaxBestRate.com offers you more than one option for financing. We hope that by choosing either our Lower Rate Option, or Lower Fees Option, you will be able to make the best possible decision that will fit your specific needs at the time of closing. Here is a brief, straightforward example of how it works:

Ex: Lower Rate Option: 30 Year Fixed mortgage - $225,000.00 Loan amount - @ 5.75%  with $1375.00 of loan fees. Principal and interest payment monthly of $1313.04.

Ex: Lower Fees Option: The Same... 30 Year Fixed mortgage- $225,000.00 Loan amount 6.125% with only $175.00 of loan fees. Principal and interest payment monthly of $1367.12.

How do you figure out which option may be right for you? There are 2 items to consider when making your choice. Would you rather pay a little more (in loan costs) at the loan closing, or would like to keep that money in the bank, and pay higher monthly payments? See below.

From our examples above, the Lower Rate option has a lower monthly payment amount of $1313.04 but will cost you $1200.00 more "out of pocket" at closing. With the Lower Fees Option, you will save that same $1200.00 needed at closing in loan costs, but because this option has a higher interest rate, you will pay $1367.12 (monthly), which is $54.08 higher per month. One has a lower monthly payment, one has lower out of pocket costs. 

So what is more important to you? Saving money now, or Saving money later?...You make the decision.  We hope one of our options will fit your needs. Please contact us for a custom quote of rates and fees.

Be Wise...Save Money $$$.