
|
Veterans Administration
Example of Energy Mortgage
| Appraised Value: |
$120,000 |
| Interest Rate: |
8.5% |
| Term: |
30 yr. |
| |
|
| Example 1 |
Cost of Energy
Improvements = $2400 |
|
Approved - $3000 >
$2400 |
| |
|
| Example 2 |
Cost of Energy
Improvements = $3400 |
|
Monthly Energy Savings
(from rating) = $32.50 |
|
Monthly Payment Increase =
$26.14 |
|
Approved - $32.50 >
$26.14 |
|
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