Compare and Save Money With Our Low Down Payment Mortgage

Credit Union 3% Down

FHA 3.5% Down1

Purchase Price

$200,000.00

$200,000.00

Down Payment

$6,000.00

$7,000.00

Upfront MI2

$0.00

$3,378.00

Loan Amount

$194,000.00

$196,378.00

Principal/ Interest

$926.19 (Based on a 4.0% rate)

$917.27 (Based on a 3.8% rate)

Monthly MI2

$133.00 until 80% LTV

$217.00 for life of loan

Low Down Payment Mortgage Advantages

Life of loan

  • 0
  • 15
  • 30
Home Equity
0%
MI
$
$
$
$
$
$
$
$
$
$
$
$
$
$

FHA Loan

With an FHA Loan, you’ll keep paying MI throughout the life of your loan, which adds up quickly.

vs
Home Equity
0%
MI
$
$
$
$
$
$

Low Down Payment Mortgage

With our Low Down Payment Mortgage once you have 22% equity in your home, Mortgage Insurance (MI) automatically goes away – poof!

With the Credit Union’s 3% Down Receive a Huge Savings Over the life of the loan!

  • $75
    From day one, your monthly savings will be approximately $75 per month.
  • $200
    Monthly savings after you have reached 22% equity in your home and MI goes away, save: approximately $200 per month.
  • $14k
    Savings over the first 9 years: $14,000.
  • $60k
    Savings over the life of the loan: more than $60,000.

That’s a whole lot of cash! Just think of all of the things you can do with it – travel, reduce debt, save for an education or even for retirement.

Even More Reasons To Finance Your Home With Us

We’re proud to be different from other lenders; something you’ll notice from the time you apply until your home is paid off - No Pressure. No Obligation. We mean it and have for nearly 60 years.

Plus, you’ll also enjoy these awesome benefits when you finance with DuPage Credit Union:

1
A low $295 application fee – and no need to pay this until you have a contract on a house
2
We promise we will try our hardest to attend your mortgage closing.
3
Make your first to your last payment to the Credit Union.
4
A friendly, non-commissioned Team right here in the western suburbs to answer all of your questions.
5
Receive a rebate at closing when you buy or sell a home with one of our Residential Rebate Program agents.
6
Get a $500 credit if we don't meet your original closing date with our Mortgage Care-N-Tee3.
7
And a whole lot more!

Not a Member yet?

No worries, it's easy to join!

Getting Started is Easy – No Pressure & No Obligation

Call 800-323-2611 to talk to a friendly Home Loan Expert, stop by a Branch Office or

Apply for a Mortgage
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Questions? Give us a call at 800-323-2611 or email us.

 

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