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1156 JOHN ST. – 2 BEDROOMS, 1 BATH - $69,500.



1156 JOHN ST.
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    69,500.00  $    69,500.00  $    69,500.00  $   69,500.00
MORTGAGE AMOUNT           70,195.00           68,241.18           66,025.00         62,550.00
DOWN PAYMENT                          -               2,432.50             3,475.00            6,950.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,094.45             1,094.45             1,094.45            1,094.45
POINTS
*CASH REQUIRED             2,894.45             5,326.95             6,369.45            9,844.45
INTEREST RATE 5.000% 5.000% 5.000% 5.000%
MONTHLY PAYMENT 30 yrs $376.82 $366.33 $354.44 $335.78
REAL ESTATE TAXES (without deductions) 127.23                 127.23                 127.23               127.23
**HOMEOWNERS INSURANCE 60.00 60.00 60.00 60.00
***MORTGAGE INSURANCE 14.62 45.49 44.02 33.62
TOTAL PAYMENT     $578.67 $599.05 $585.68 $556.63
GROSS MONTHLY INCOME TO QUALIFY $2,066.68 $2,139.47 $2,091.71 $1,987.96
GROSS ANNUAL INCOME TO QUALIFY $24,800.18 $25,673.68 $25,100.49 $23,855.47

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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

©2019 Dave Rodkey Realtors, Frankfort, IN