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The Community Development Administration offers a 30-year mortgage product with a variety of points to choose from.

Monthly Mortgage Payment

DOWNPAYMENT AND CLOSING COST ASSISTANCE IS AVAILABLE WITH ALL CDA MORTGAGE PRODUCTS
30-year Amortizing Mortgage
Monthly Principal & Interest Payment
Mortgage Size 3 Point Mortgage
4.125 %
(4.462% APR1)		2 Point Mortgage
4.250 %
(4.501% APR1)		1 Point Mortgage
4.375 %
(4.541% APR1)		0 Point Mortgage
4.500 %
(4.581% APR1)
$0$0$0$0$0
$109$1$1$1$1
$140$1$1$1$1
$150$1$1$1$1
$200$1$1$1$1
$225$1$1$1$1
$300$1$1$1$2
$350$2$2$2$2
$430$2$2$2$2
$450$2$2$2$2
$500$2$2$2$3
$600$3$3$3$3
$630$3$3$3$3
$700$3$3$3$4
$750$4$4$4$4
$800$4$4$4$4
$850$4$4$4$4
$900$4$4$4$5
$1,000$5$5$5$5
$1,100$5$5$5$6
$1,200$6$6$6$6
$1,250$6$6$6$6
$1,260$6$6$6$6
$1,300$6$6$6$7
$1,400$7$7$7$7
$1,480$7$7$7$7
$1,600$8$8$8$8
$1,670$8$8$8$8
$1,700$8$8$8$9
$2,000$10$10$10$10
$2,200$11$11$11$11
$2,220$11$11$11$11
$3,300$16$16$16$17
$5,000$24$25$25$25
$15,000$73$74$75$76
$20,000$97$98$100$101
$30,000$145$148$150$152
$33,000$160$162$165$167
$40,000$194$197$200$203
$45,000$218$221$225$228
$49,000$237$241$245$248
$50,000$242$246$250$253
$59,000$286$290$295$299
$59,900$290$295$299$304
$60,000$291$295$300$304
$65,000$315$320$325$329
$66,000$320$325$330$334
$70,000$339$344$349$355
$72,000$349$354$359$365
$75,000$363$369$374$380
$78,000$378$384$389$395
$79,000$383$389$394$400
$80,000$388$394$399$405
$89,100$432$438$445$451
$89,900$436$442$449$456
$90,000$436$443$449$456
$95,000$460$467$474$481
$100,000$485$492$499$507
$102,000$494$502$509$517
$105,000$509$517$524$532
$106,150$514$522$530$538
$110,000$533$541$549$557
$115,000$557$566$574$583
$117,000$567$576$584$593
$119,000$577$585$594$603
$120,000$582$590$599$608
$124,000$601$610$619$628
$125,000$606$615$624$633
$130,000$630$640$649$659
$135,000$654$664$674$684
$140,000$679$689$699$709
$141,000$683$694$704$714
$149,900$726$737$748$760
$150,000$727$738$749$760
$153,000$742$753$764$775
$154,000$746$758$769$780
$155,000$751$763$774$785
$156,000$756$767$779$790
$158,000$766$777$789$801
$159,000$771$782$794$806
$160,000$775$787$799$811
$165,000$800$812$824$836
$165,767$803$815$828$840
$170,000$824$836$849$861
$175,000$848$861$874$887
$177,000$858$871$884$897
$177,608$861$874$887$900
$179,999$872$885$899$912
$180,000$872$885$899$912
$184,662$895$908$922$936
$185,000$897$910$924$937
$187,000$906$920$934$948
$189,000$916$930$944$958
$189,900$920$934$948$962
$189,950$921$934$948$962
$190,000$921$935$949$963
$194,275$942$956$970$984
$195,000$945$959$974$988
$199,900$969$983$998$1,013
$200,000$969$984$999$1,013
$203,000$984$999$1,014$1,029
$204,140$989$1,004$1,019$1,034
$204,142$989$1,004$1,019$1,034
$210,000$1,018$1,033$1,048$1,064
$215,000$1,042$1,058$1,073$1,089
$217,000$1,052$1,068$1,083$1,100
$220,000$1,066$1,082$1,098$1,115
$222,500$1,078$1,095$1,111$1,127
$223,927$1,085$1,102$1,118$1,135
$224,000$1,086$1,102$1,118$1,135
$225,000$1,090$1,107$1,123$1,140
$225,500$1,093$1,109$1,126$1,143
$225,900$1,095$1,111$1,128$1,145
$230,000$1,115$1,131$1,148$1,165
$233,000$1,129$1,146$1,163$1,181
$234,000$1,134$1,151$1,168$1,186
$240,000$1,163$1,181$1,198$1,216
$245,000$1,187$1,205$1,223$1,241
$249,000$1,207$1,225$1,243$1,262
$250,000$1,212$1,230$1,248$1,267
$255,000$1,236$1,254$1,273$1,292
$260,000$1,260$1,279$1,298$1,317
$269,000$1,304$1,323$1,343$1,363
$270,000$1,309$1,328$1,348$1,368
$273,095$1,324$1,343$1,364$1,384
$275,000$1,333$1,353$1,373$1,393
$280,000$1,357$1,377$1,398$1,419
$285,000$1,381$1,402$1,423$1,444
$290,000$1,405$1,427$1,448$1,469
$295,000$1,430$1,451$1,473$1,495
$296,400$1,437$1,458$1,480$1,502
$299,000$1,449$1,471$1,493$1,515
$300,000$1,454$1,476$1,498$1,520
$305,000$1,478$1,500$1,523$1,545
$310,000$1,502$1,525$1,548$1,571
$315,000$1,527$1,550$1,573$1,596
$316,000$1,531$1,555$1,578$1,601
$320,000$1,551$1,574$1,598$1,621
$325,000$1,575$1,599$1,623$1,647
$330,000$1,599$1,623$1,648$1,672
$335,000$1,624$1,648$1,673$1,697
$340,000$1,648$1,673$1,698$1,723
$345,000$1,672$1,697$1,723$1,748
$350,000$1,696$1,722$1,747$1,773
$355,000$1,721$1,746$1,772$1,799
$360,000$1,745$1,771$1,797$1,824
$370,000$1,793$1,820$1,847$1,875
$375,000$1,817$1,845$1,872$1,900
$380,000$1,842$1,869$1,897$1,925
$395,000$1,914$1,943$1,972$2,001
$399,900$1,938$1,967$1,997$2,026
$400,000$1,939$1,968$1,997$2,027
$402,550$1,951$1,980$2,010$2,040
$417,000$2,021$2,051$2,082$2,113
$420,000$2,036$2,066$2,097$2,128
$429,000$2,079$2,110$2,142$2,174
$429,600$2,082$2,113$2,145$2,177
$429,620$2,082$2,113$2,145$2,177
$450,000$2,181$2,214$2,247$2,280

NOTES

MONTHLY MORTGAGE PAYMENT AND CURRENT CDA INTEREST RATES: The monthly payments shown are only for the principal and interest payments or interest only payments due on the CDA mortgage. Each mortgage product has a different interest rate based on the points paid upfront when obtaining the mortgage. For example, a 2-point mortgage requires the homebuyer to pay 2% of the mortgage amount as part of their closing costs. These funds are used to off-set the cost of making the mortgage. All monthly payments and interest rates shown in the table are subject to change. In addition to these amounts a mortgage will have monthly costs for property taxes, hazard insurance, and mortgage insurance.
AVAILABLE DOWN PAYMENT AND CLOSING COST ASSISTANCE: The homebuyer may select either:
  • a CDA Downpayment and Settlement Expense Loan (DSELP) up to $3,500 (the DSELP loan is a 0% deferred loan, repayable upon sale of the home or refinancing of the CDA mortgage loan).
AVAILABLE MORTGAGE INSURANCE: The 30-year amortizing mortgage can use FHA, VA or RHS credit enhancement products.  The Maryland Housing Fund currently only insures the refinance products.