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How EEM Can Save You Money
Borrower finances 100% of energy improvements ( 7.25%* - 30 year term)
Standard Mortgage
New EEM
Energy Improvement Costs
$ 3,000
Appraised Value
$100,000
(Add cost of improvements)
$103,000
Down Payment
$ 10,000
$ 10,000
Mortgage Amount
$ 90,000
$ 93,000
P&I
$ 614
$ 634
Energy Savings (monthly)
$ ---
$ (50)
Total Monthly Payment
$ 614
$ 584
Source: Fannie Mae *interest rates subject to change
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