How to buy this house

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

Return to House Details

*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.*