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205 N. COUNTY ROAD 1100 E (SCIRCLEVILLE) – 4 BEDROOMS, 2 BATHS - $96,000.



205 N. COUNTY ROAD 1100 E (SCIRCLEVILLE)
(does not qualify for USDA or FHA)
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $    96,000.00  $    96,000.00  $    96,000.00  $   96,000.00
MORTGAGE AMOUNT           96,960.00           94,261.20           91,200.00         86,400.00
DOWN PAYMENT                          -               3,360.00             4,800.00            9,600.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,471.44             1,471.44             1,471.44            1,471.44
POINTS
*CASH REQUIRED             3,271.44             6,631.44             8,071.44         12,871.44
INTEREST RATE 4.500% 4.500% 4.500% 4.500%
MONTHLY PAYMENT 30 yrs $491.28 $477.61 $462.10 $437.78
REAL ESTATE TAXES (with deductions) 35.72                   35.72                   35.72                  35.72
**HOMEOWNERS INSURANCE 100.00 100.00 100.00 100.00
***MORTGAGE INSURANCE 20.20 62.84 60.80 46.44
TOTAL PAYMENT     $647.20 $676.17 $658.62 $619.93
GROSS MONTHLY INCOME TO QUALIFY $2,311.43 $2,414.88 $2,352.20 $2,214.05
GROSS ANNUAL INCOME TO QUALIFY $27,737.16 $28,978.58 $28,226.37 $26,568.62

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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