How much house can I afford?
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If you extend your loan term, you may pay more interest over the life of your loan.
If you are a service member on active duty, an eligible spouse, partner, or dependent, or currently receiving SCRA benefits, please consult with your legal advisor prior to seeking a refinance of your existing mortgage loan. In some cases, a refinance may impact your eligibility for benefits under the Servicemembers Civil Relief Act or applicable state law.
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With a low down payment, mortgage insurance will be required, which increases the cost of the loan and will increase the monthly payment.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
QSR-11292026-8019692.1.1
LRC-0525