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238 W. COUNTY ROAD 425 N – 4 BEDROOMS, 1 BATH - $223,000.



238 W. COUNTY ROAD 425 N
% Down 5% 10% 20% 30%
PRICE  $  223,000.00  $  223,000.00  $  223,000.00  $ 223,000.00
MORTGAGE AMOUNT        211,850.00        200,700.00        178,400.00       156,100.00
DOWN PAYMENT          11,150.00          22,300.00          44,600.00         66,900.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00           1,800.00
PREPAIDS             2,337.45             2,337.45             2,337.45           2,337.45
POINTS
*CASH REQUIRED          15,287.45          26,437.45          48,737.45         71,037.45
INTEREST RATE 6.750% 6.750% 6.750% 6.750%
Term 30 yr 30 yr 30 yr 30 yr
MONTHLY PAYMENT $1,374.06 $1,301.74 $1,157.10 $1,012.46
REAL ESTATE TAXES (with deductions)                118.72                118.72                118.72               118.72
**HOMEOWNERS INSURANCE 150.00 150.00 150.00 150.00
***MORTGAGE INSURANCE 88.27 66.90 00.0 00.0
TOTAL PAYMENT     $1,731.05 $1,637.36 $1,425.82 $1,281.18
GROSS MONTHLY INCOME TO QUALIFY $6,182.32 $5,847.71 $5,092.22 $4,575.66
GROSS ANNUAL INCOME TO QUALIFY $74,187.82 $70,172.56 $61,106.67 $54,907.93

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*Cash required includes first year insurance premium.
Your lender will require this to be paid before the closing or at the closing.
 
**Homeowners Insurance can be purchased from the agent you choose.
The figure above is estimated. See your agent for an accurate quote based on the coverage you want.
 
***Mortgage Insurance is coverage for the lender in case you default. Coverage and premium payment plan vary
from lender to lender. While the figure above is a close estimate, the actual amount will be determined by your lender.


*Information is Subject to change without notice.*


Email: dave@rodkey.com

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