| Loan | 30yr | 15yr | ARM |
| P&I | $943 | $1,389 | $829 |
| Total | $1,284 | $1,730 | $1,170 |
Pre-calculated monthly payments for average price† of a single family home ($222,819) within 60638 zip code area, 15% of down payment ($33,423) and monthly expenses including PMI ($60), property tax ($225) and hazard insurance ($56)
† on Sep 5th, 2010 3:19am
Due to the changes in the market, IHDA is lowering the rate on the 30 year Home Start Loan to 5.25% effective Thursday September 10.
The Illinois HOME START Loan Program is designed to help first time homebuyers achieve the dream of homeownership affordably. The HOME START program offers homebuyers two loans: the HOME START 30 Year Fixed Rate Loan and an optional HOME START Down Payment Assistance Loan
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