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850 S. JACKSON ST. – 3 BEDROOMS, 2 BATHS - $58,500.



850 S. JACKSON ST.
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    58,500.00  $    58,500.00  $    58,500.00  $   58,500.00
MORTGAGE AMOUNT           59,085.00           57,440.42           55,575.00         52,650.00
DOWN PAYMENT                          -               2,047.50             2,925.00            5,850.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,014.50             1,014.50             1,014.50            1,014.50
POINTS
*CASH REQUIRED             2,814.50             4,862.00             5,739.50            8,664.50
INTEREST RATE 4.500% 4.500% 4.500% 4.500%
MONTHLY PAYMENT 30 yrs $299.38 $291.04 $281.59 $266.77
REAL ESTATE TAXES (without deductions) 87.25                   87.25                   87.25                  87.25
**HOMEOWNERS INSURANCE 60.00 60.00 60.00 60.00
***MORTGAGE INSURANCE 12.31 38.29 37.05 28.30
TOTAL PAYMENT     $458.93 $476.59 $465.89 $442.32
GROSS MONTHLY INCOME TO QUALIFY $1,639.05 $1,702.09 $1,663.89 $1,579.71
GROSS ANNUAL INCOME TO QUALIFY $19,668.62 $20,425.10 $19,966.73 $18,956.54

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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

©2018 Dave Rodkey Realtors, Frankfort, IN