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9477 W. New Castle Rd. – 3 bedrooms, 3 baths - $442,500.



9477 W. NEW CASTLE ROAD
% Down 5% 10% 20% 30%
PRICE  $  442,500.00  $  442,500.00  $  442,500.00  $ 442,500.00
MORTGAGE AMOUNT        420,375.00        398,250.00        354,000.00       309,750.00
DOWN PAYMENT           22,125.00           44,250.00           88,500.00       132,750.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             3,180.78             3,180.78             3,180.78            3,180.78
POINTS
*CASH REQUIRED           27,105.78           49,230.78           93,480.78       137,730.78
INTEREST RATE 3.875% 3.875% 3.875% 3.875%
Term 30 yr 30 yr 30 yr 30 yr
MONTHLY PAYMENT $1,976.76 $1,872.72 $1,664.64 $1,456.56
REAL ESTATE TAXES (with deductions)                 190.39                 190.39                 190.39               190.39
**HOMEOWNERS INSURANCE 200.00 200.00 200.00 200.00
***MORTGAGE INSURANCE 280.25 214.06 00.0 00.0
TOTAL PAYMENT     $2,647.40 $2,477.17 $2,055.03 $1,846.95
GROSS MONTHLY INCOME TO QUALIFY $9,455.00 $8,847.03 $7,339.39 $6,596.25
GROSS ANNUAL INCOME TO QUALIFY $113,459.96 $106,164.37 $88,072.68 $79,154.97

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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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