Buying a house with FHA?
I am 20 years old and I have been pre-approved for a $ 110,000 with a 6.250% with a FHA loan. I live in Missouri I found a house that I love and a put an offer in for 107,000 with the seller paying 6000 in closing which include 2500 in down payment and 3500 in closing. This covers all of my closing cost and down payment. They accepted my offer and I just want to know what to expect from here? What are my payments going to be every month? Can I negotiate interest rate(do not want to pay down)? Can I get out of this contract at any point? Is there anything else I shoud know about FHA?