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655 E. GREEN ST. – 3 BEDROOMS, 2 ½ BATHS - $239,000.



655 E. GREEN ST.
USDA FHA
0 % Down 3.5% Down 5% Down 10% Down
PRICE  $  239,000.00  $  239,000.00  $  239,000.00  $ 239,000.00
MORTGAGE AMOUNT        241,390.00        234,671.11        227,050.00       215,100.00
DOWN PAYMENT                         -               8,365.00          11,950.00         23,900.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00           1,800.00
PREPAIDS             1,894.24             1,894.24             1,894.24           1,894.24
POINTS
*CASH REQUIRED             3,694.24          12,059.24          15,644.24         27,594.24
INTEREST RATE 6.750% 6.750% 6.750% 6.750%
MONTHLY PAYMENT 30 yrs $1,565.65 $1,522.07 $1,472.64 $1,395.13
REAL ESTATE TAXES (with deductions) 72.12                  72.12                  72.12                 72.12
**HOMEOWNERS INSURANCE 125.00 125.00 125.00 125.00
***MORTGAGE INSURANCE 70.41 166.23 94.60 71.70
TOTAL PAYMENT     $1,833.18 $1,885.42 $1,764.37 $1,663.95
GROSS MONTHLY INCOME TO QUALIFY $6,547.06 $6,733.63 $6,301.31 $5,942.69
GROSS ANNUAL INCOME TO QUALIFY $78,564.70 $80,803.62 $75,615.69 $71,312.34

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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

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