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1253 MYRTLE AVE. – 2 BEDROOMS, 1 BATH - $39,500.



1253 MYRTLE AVENUE
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    39,500.00  $    39,500.00  $    39,500.00  $   39,500.00
MORTGAGE AMOUNT           39,895.00           38,784.56           37,525.00         35,550.00
DOWN PAYMENT                          -               1,382.50             1,975.00            3,950.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS                 897.26                 897.26                 897.26               897.26
POINTS
*CASH REQUIRED             2,697.26             4,079.76             4,672.26            6,647.26
INTEREST RATE 4.500% 4.500% 4.500% 4.500%
MONTHLY PAYMENT 30 yrs $202.14 $196.52 $190.13 $180.13
REAL ESTATE TAXES (with deductions) 28.63                   28.63                   28.63                  28.63
**HOMEOWNERS INSURANCE 60.00 60.00 60.00 60.00
***MORTGAGE INSURANCE 8.31 25.86 25.02 19.11
TOTAL PAYMENT     $299.08 $311.00 $303.78 $287.86
GROSS MONTHLY INCOME TO QUALIFY $1,068.15 $1,110.72 $1,084.92 $1,028.08
GROSS ANNUAL INCOME TO QUALIFY $12,817.80 $13,328.59 $13,019.09 $12,336.99

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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