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Sample energy-efficient mortgage

  Older existing home With energy improvements

Home price
(90% mortgage, 8% interest)

$150,000

$154,816*

Loan amount

$135,000

$139,334

Monthly payment*

$991

$1023

Energy bills

$186

$93

The true monthly cost of homeownership

$1,177

$1,116

Monthly savings

---

$61

Steve McLinden is a freelance writer based in Texas.

 

-- Posted: May 8, 2003
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Mortgage Matters: A daily weblog on mortgage rates
Making that old house energy-efficient

Home remodeling: Pick renovations that pay off

Mortgage glossary
Track prime rate/other leading rate indexes
More mortgage stories

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National Mortgage Rates
OVERNIGHT AVERAGES
Rates may include points.
30 yr fixed mtg 4.25%
15 yr fixed mtg 3.23%
5/1 jumbo ARM 3.55%



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