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51 S. WILLIAMS ST. – 2 BEDROOMS, 1 BATH - $53,500.



51 S. WILLIAMS ST.
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    53,500.00  $    53,500.00  $    53,500.00  $   53,500.00
MORTGAGE AMOUNT           54,035.00           52,530.98           50,825.00         48,150.00
DOWN PAYMENT                          -               1,872.50             2,675.00            5,350.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS                 998.72                 998.72                 998.72               998.72
POINTS
*CASH REQUIRED             2,798.72             4,671.22             5,473.72            8,148.72
INTEREST RATE 4.125% 4.125% 4.125% 4.125%
MONTHLY PAYMENT 30 yrs $261.88 $254.59 $246.32 $233.36
REAL ESTATE TAXES (without deductions) 79.36                   79.36                   79.36                  79.36
**HOMEOWNERS INSURANCE 60.00 60.00 60.00 60.00
***MORTGAGE INSURANCE 11.26 35.02 33.88 25.88
TOTAL PAYMENT     $412.50 $428.97 $419.57 $398.60
GROSS MONTHLY INCOME TO QUALIFY $1,473.21 $1,532.05 $1,498.46 $1,423.58
GROSS ANNUAL INCOME TO QUALIFY $17,678.55 $18,384.58 $17,981.50 $17,082.91

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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