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631 N. COUNTY ROAD 700 W – 2 BEDROOMS, 1 BATH - $145,000.



631 N. COUNTY ROAD 700 W
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $145,000.00   $145,000.00   $145,000.00   $145,000.00 
MORTGAGE AMOUNT  146,450.00   142,373.69   137,750.00   130,500.00 
DOWN PAYMENT  -     5,075.00   7,250.00   14,500.00 
CLOSING COSTS  1,800.00   1,800.00   1,800.00   1,800.00 
PREPAIDS  1,519.29   1,519.29   1,519.29   1,519.29 
POINTS
*CASH REQUIRED  3,319.29   8,394.29   10,569.29   17,819.29 
INTEREST RATE 4.125% 4.125% 4.125% 4.125%
MONTHLY PAYMENT 30 yrs $709.77  $690.01  $667.61  $632.47 
REAL ESTATE TAXES 59.65   59.65   59.65   59.65 
**HOMEOWNERS INSURANCE 100.00  100.00  100.00  100.00 
***MORTGAGE INSURANCE 30.51  94.92  91.83  70.14 
TOTAL PAYMENT $899.92  $944.57  $919.08  $862.26 
GROSS MONTHLY INCOME TO QUALIFY $3,214.02 $3,373.48 $3,282.44 $3,079.49
GROSS ANNUAL INCOME TO QUALIFY $38,568.21 $40,481.76 $39,389.29 $36,953.86

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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