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1253 MYRTLE AVE. – 2 BEDROOMS, 1 BATH - $43,500.



1253 MYRTLE AVENUE
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $43,500.00   $43,500.00   $43,500.00   $43,500.00 
MORTGAGE AMOUNT  43,935.00   42,712.11   41,325.00   39,150.00 
DOWN PAYMENT  -     1,522.50   2,175.00   4,350.00 
CLOSING COSTS  1,800.00   1,800.00   1,800.00   1,800.00 
PREPAIDS  897.26   897.26   897.26   897.26 
POINTS
*CASH REQUIRED  2,697.26   4,219.76   4,872.26   7,047.26 
INTEREST RATE 4.125% 4.125% 4.125% 4.125%
MONTHLY PAYMENT 30 yrs $212.93  $207.00  $200.28  $189.74 
REAL ESTATE TAXES (with deductions) 28.63   28.63   28.63   28.63 
**HOMEOWNERS INSURANCE 60.00  60.00  60.00  60.00 
***MORTGAGE INSURANCE 9.15  28.47  27.55  21.04 
TOTAL PAYMENT $310.71  $324.11  $316.46  $299.41 
GROSS MONTHLY INCOME TO QUALIFY $1,109.69 $1,157.53 $1,130.21 $1,069.33
GROSS ANNUAL INCOME TO QUALIFY $13,316.24 $13,890.31 $13,562.56 $12,831.94

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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

©2017 Dave Rodkey Realtors, Frankfort, IN