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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
3.875 %
(4.206% APR1)		2 Point Mortgage
4.000 %
(4.247% APR1)		1 Point Mortgage
4.125 %
(4.288% APR1)		0 Point Mortgage
4.250 %
(4.328% APR1)
$0$0$0$0$0
$90$0$0$0$0
$125$1$1$1$1
$170$1$1$1$1
$200$1$1$1$1
$250$1$1$1$1
$600$3$3$3$3
$734$3$4$4$4
$800$4$4$4$4
$900$4$4$4$4
$1,000$5$5$5$5
$1,011$5$5$5$5
$1,059$5$5$5$5
$1,100$5$5$5$5
$1,200$6$6$6$6
$1,250$6$6$6$6
$1,300$6$6$6$6
$1,600$8$8$8$8
$1,800$8$9$9$9
$2,200$10$11$11$11
$2,500$12$12$12$12
$20,000$94$95$97$98
$30,000$141$143$145$148
$40,000$188$191$194$197
$50,000$235$239$242$246
$55,000$259$263$267$271
$56,900$268$272$276$280
$59,000$277$282$286$290
$65,000$306$310$315$320
$70,000$329$334$339$344
$72,000$339$344$349$354
$77,900$366$372$378$383
$79,000$371$377$383$389
$80,000$376$382$388$394
$85,000$400$406$412$418
$86,122$405$411$417$424
$88,000$414$420$426$433
$90,000$423$430$436$443
$99,500$468$475$482$489
$100,000$470$477$485$492
$103,000$484$492$499$507
$105,000$494$501$509$517
$110,000$517$525$533$541
$112,000$527$535$543$551
$114,900$540$549$557$565
$115,000$541$549$557$566
$116,000$545$554$562$571
$120,000$564$573$582$590
$121,900$573$582$591$600
$125,000$588$597$606$615
$130,000$611$621$630$640
$130,500$614$623$632$642
$132,000$621$630$640$649
$134,000$630$640$649$659
$135,000$635$645$654$664
$139,900$658$668$678$688
$140,000$658$668$679$689
$140,900$663$673$683$693
$145,000$682$692$703$713
$145,900$686$697$707$718
$146,900$691$701$712$723
$149,000$701$711$722$733
$149,900$705$716$726$737
$150,000$705$716$727$738
$150,900$710$720$731$742
$154,900$728$740$751$762
$155,000$729$740$751$763
$156,330$735$746$758$769
$158,000$743$754$766$777
$160,000$752$764$775$787
$160,900$757$768$780$792
$165,000$776$788$800$812
$169,000$795$807$819$831
$169,900$799$811$823$836
$170,000$799$812$824$836
$172,275$810$822$835$847
$172,900$813$825$838$851
$175,000$823$835$848$861
$176,000$828$840$853$866
$179,220$843$856$869$882
$179,900$846$859$872$885
$180,000$846$859$872$885
$184,500$868$881$894$908
$185,000$870$883$897$910
$187,000$879$893$906$920
$188,100$885$898$912$925
$190,000$893$907$921$935
$195,000$917$931$945$959
$200,000$940$955$969$984
$202,000$950$964$979$994
$205,000$964$979$994$1,008
$207,378$975$990$1,005$1,020
$210,000$987$1,003$1,018$1,033
$211,000$992$1,007$1,023$1,038
$213,000$1,002$1,017$1,032$1,048
$213,900$1,006$1,021$1,037$1,052
$214,000$1,006$1,022$1,037$1,053
$215,000$1,011$1,026$1,042$1,058
$219,000$1,030$1,046$1,061$1,077
$220,000$1,035$1,050$1,066$1,082
$224,000$1,053$1,069$1,086$1,102
$225,000$1,058$1,074$1,090$1,107
$230,000$1,082$1,098$1,115$1,131
$231,600$1,089$1,106$1,122$1,139
$240,000$1,129$1,146$1,163$1,181
$241,250$1,134$1,152$1,169$1,187
$249,999$1,176$1,194$1,212$1,230
$250,000$1,176$1,194$1,212$1,230
$259,900$1,222$1,241$1,260$1,279
$260,000$1,223$1,241$1,260$1,279
$265,000$1,246$1,265$1,284$1,304
$269,500$1,267$1,287$1,306$1,326
$275,000$1,293$1,313$1,333$1,353
$279,500$1,314$1,334$1,355$1,375
$280,000$1,317$1,337$1,357$1,377
$288,000$1,354$1,375$1,396$1,417
$289,000$1,359$1,380$1,401$1,422
$290,000$1,364$1,385$1,405$1,427
$295,000$1,387$1,408$1,430$1,451
$298,000$1,401$1,423$1,444$1,466
$299,999$1,411$1,432$1,454$1,476
$300,000$1,411$1,432$1,454$1,476
$301,000$1,415$1,437$1,459$1,481
$305,000$1,434$1,456$1,478$1,500
$308,000$1,448$1,470$1,493$1,515
$310,000$1,458$1,480$1,502$1,525
$315,000$1,481$1,504$1,527$1,550
$325,000$1,528$1,552$1,575$1,599
$329,000$1,547$1,571$1,594$1,618
$330,051$1,552$1,576$1,600$1,624
$335,000$1,575$1,599$1,624$1,648
$339,000$1,594$1,618$1,643$1,668
$340,000$1,599$1,623$1,648$1,673
$350,000$1,646$1,671$1,696$1,722
$350,999$1,651$1,676$1,701$1,727
$360,000$1,693$1,719$1,745$1,771
$370,000$1,740$1,766$1,793$1,820
$375,000$1,763$1,790$1,817$1,845
$380,000$1,787$1,814$1,842$1,869
$380,990$1,792$1,819$1,846$1,874
$395,000$1,857$1,886$1,914$1,943
$400,000$1,881$1,910$1,939$1,968
$429,620$2,020$2,051$2,082$2,113
$450,000$2,116$2,148$2,181$2,214

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.