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9477 W. New Castle Rd. – 3 bedrooms, 3 baths - $409,000.



9477 W. NEW CASTLE ROAD
% Down 5% 10% 20% 30%
PRICE  $  409,000.00  $  409,000.00  $  409,000.00  $ 409,000.00
MORTGAGE AMOUNT        388,550.00        368,100.00        327,200.00       286,300.00
DOWN PAYMENT           20,450.00           40,900.00           81,800.00       122,700.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             3,185.14             3,185.14             3,185.14            3,185.14
POINTS
*CASH REQUIRED           25,435.14           45,885.14           86,785.14       127,685.14
INTEREST RATE 3.500% 3.500% 3.500% 3.500%
Term 30 yr 30 yr 30 yr 30 yr
MONTHLY PAYMENT $1,744.76 $1,652.93 $1,469.27 $1,285.61
REAL ESTATE TAXES (with deductions)                 192.57                 192.57                 192.57               192.57
**HOMEOWNERS INSURANCE 200.00 200.00 200.00 200.00
***MORTGAGE INSURANCE 259.03 197.85 00.0 00.0
TOTAL PAYMENT     $2,396.37 $2,243.36 $1,861.85 $1,678.19
GROSS MONTHLY INCOME TO QUALIFY $8,558.46 $8,012.00 $6,649.45 $5,993.52
GROSS ANNUAL INCOME TO QUALIFY $102,701.49 $96,143.95 $79,793.40 $71,922.28

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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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