HOW MUCH SHOULD MY DOWN PAYMENT BE?

Most lenders require a down payment of 5%, 10% or 20% of the sale price. If you contribute less than 20%, mortgage lenders usually require mortgage insurance. However, if you don't plan to stay in the home for long, a smaller down payment might make sense. The calculator below offers monthly payments for mortgages based on different down payments and loan terms. 

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TruWest Credit Union offers competitive fixed-rate and adjustable-rate mortgages.