But if you put 20%, you’re splitting the payment $1,925 each 👀If not, here’s payment breakdown for 3.5%:Purchase price: $540,000Down payment: $18,900 (3.5%)Loan amount: $521,100Interest rate: 6.25% (6.47% APR)So your principle + interest = $3,209+ $518/mo in property taxes+ $158/mo in insurance+ $516/mo HOA+ 0.15-0.75% in MIP (the price to pay for putting less than 20% down)≈ your total payment of $4,899Remember, this is an estimated payment ~Let me know if you have any questions, I’m happy to answer them!Selene HannaReal Estate and Mortgage BrokerDRE# 02047923NMLS# 2304961Listing Agent:Albert SotoMLS# PW25026211