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708 MYRTLE AVE – 3 BEDROOMS, 1 BATH - $78,500.



708 MYRTLE AVENUE
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    78,500.00  $    78,500.00  $    78,500.00  $   78,500.00
MORTGAGE AMOUNT           79,285.00           77,078.17           74,575.00         70,650.00
DOWN PAYMENT                          -               2,747.50             3,925.00            7,850.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,128.74             1,128.74             1,128.74            1,128.74
POINTS
*CASH REQUIRED             2,928.74             5,676.24             6,853.74         10,778.74
INTEREST RATE 4.125% 4.125% 4.125% 4.125%
MONTHLY PAYMENT 30 yrs $384.25 $373.56 $361.43 $342.41
REAL ESTATE TAXES (with deductions) 39.37                   39.37                   39.37                  39.37
**HOMEOWNERS INSURANCE 75.00 75.00 75.00 75.00
***MORTGAGE INSURANCE 16.52 51.39 49.72 37.97
TOTAL PAYMENT     $515.14 $539.31 $525.51 $494.75
GROSS MONTHLY INCOME TO QUALIFY $1,839.79 $1,926.12 $1,876.83 $1,766.96
GROSS ANNUAL INCOME TO QUALIFY $22,077.45 $23,113.41 $22,521.97 $21,203.47

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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