 PowerPlus Calculator
Program Eligibility Questionnaire
Standard FHA/VA or Conventional
Special Financing Home
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PowerPlus not only eliminates PMI payments -- it offers people OPTIONS!
In 2004, PowerPlus was created by First Integrity in a cooperative effort with several St. Louis-based financial institutions.
Clients with credit scores of 700 and higher have earned the option of eliminating PMI (private mortgage insurance) payments, even with 5%, 10% or 15% down payments. |
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5% Down Payment (95% LTV)
With PMI |
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PowerPlus 5% Down Payment (95%CLTV)
With No PMI |
Sales Price |
Rate* |
P&I
PMI |
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P&I
W/O PMI |
Monthly
Savings
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7-Year
Savings
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Rates* |
$175,000 |
5.00% |
$1,022 |
or |
$909 |
$113/mo |
$9,492 |
5%/6% |
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$250,000 |
5.00% |
$1,461 |
or |
$1,299 |
$162/mo |
$13,608 |
5%/6% |
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$350,000 |
5.00% |
$2,045 |
or |
$1,818 |
$113/mo |
$19,068 |
5%/6% |
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$450,000 |
5.00% |
$2,719 |
or |
$2,338 |
$381/mo |
$32,004 |
5%/6% |
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*APRs 5.625%, 5.37%, 5.57% |
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*APRs 5.074%/6.649%, 5.05%7/6.459%,
5.046%/6.334%, 5.040%/6.265% |
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