What does a 0.0625% 30 year FIXED interest rate through NACA Program look like?

Below is actual financial documents of a 0.0625% 30 year fixed interest rate through Citi Mortgage Jen & I obtained.

In this first document, this is the total yearly interest we paid on 12 mortgage payments. The total interest was $227.95. There is no need to write off interest on filing taxes, as we essentially pay none

2016 Year End Interest Statement
2016 Year End Interest Statement

This is a copy of our year end statement from 2016. As you can see total principle(equity) applied is $11,601.23, total interest on 12 payments is $209.25. This is what you call Instant Equity.

2016 Year End Mortgage Statement
2016 Year End Mortgage Statement

This is a yearly mortgage amortization chart. As you can see total interest with our 0.0625% rate over 30 years amortized is: $3,140.96. In my mind, this is essentially nothing. This should be over $280,000+

This simply shows the Mortgage Details. Our original loan balance of $382,941 with the 0.0625% 30 year fixed rate.

0.0625% Mortgage Details
0.0625% Mortgage Details

This is a list of every single payment we have made to date on our loan. Escrow is out property taxes & home owners insurance.

Kristopher Fraley , Realtor

A few years ago a serendipitous event(purchasing a home through the NACA program with a 0% 30 year fixed interest rate) inspired me to become a licensed real estate agent in the DC, Maryland & Virginia area, and I love it! There is nothing greater than giving back and its a fantastic process that I feel lucky to participate in. With so many money hungry sharks preying on innocent people in the real estate industry, I feel honored when people trust my team to help them obtain the best terms on a mortgage possible. I can be reached by emailing kris@no-downpayment.com