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77 S. GREEN ST. (HILLISBURG) – 2 BEDROOMS, 1 BATH - $62,500.



77 S. GREEN ST.
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    62,500.00  $    62,500.00  $    62,500.00  $   62,500.00
MORTGAGE AMOUNT           63,125.00           61,367.97           59,375.00         56,250.00
DOWN PAYMENT                          -               2,187.50             3,125.00            6,250.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,092.52             1,092.52             1,092.52            1,092.52
POINTS
*CASH REQUIRED             2,892.52             5,080.02             6,017.52            9,142.52
INTEREST RATE 4.125% 4.125% 4.125% 4.125%
MONTHLY PAYMENT 30 yrs $305.94 $297.42 $287.76 $272.62
REAL ESTATE TAXES (with deductions) 21.26                   21.26                   21.26                  21.26
**HOMEOWNERS INSURANCE 75.00 75.00 75.00 75.00
***MORTGAGE INSURANCE 13.15 40.91 39.58 30.23
TOTAL PAYMENT     $415.35 $434.59 $423.60 $399.11
GROSS MONTHLY INCOME TO QUALIFY $1,483.38 $1,552.11 $1,512.87 $1,425.39
GROSS ANNUAL INCOME TO QUALIFY $17,800.55 $18,625.36 $18,154.46 $17,104.71

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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