Guess how much NVR wants in closing costs when you put down 10% on a new house. $15000 for 4% and $13000 for 4.25% interest rates. And if you want to finance your PMI as a single premium into the loan, not only will NVR increase your loan amount by the premium amount, they also charge you the premium up front at closing. Yep, you pay it twice. And according to Dennis Vo, assistant manager, that's why financing isn't a good idea. Nothing like adding $7k onto the loan AND paying $7k up front.
So you know that $11000 incentive Ryan gives you for using NVR? Seems they just rape you in closing costs to make up for it. Just thought you guys should know.