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1106 E. SOUTH ST. – 3 BEDROOMS, 2 BATHS - $304,000.



1106 E. SOUTH ST.
% Down 5% 10% 20% 30%
PRICE  $  304,000.00  $  304,000.00  $  304,000.00  $ 304,000.00
MORTGAGE AMOUNT        288,800.00        273,600.00        243,200.00       212,800.00
DOWN PAYMENT           15,200.00           30,400.00           60,800.00         91,200.00
CLOSING COSTS             1,800.00             1,800.00             1,800.00            1,800.00
PREPAIDS             1,810.39             1,810.39             1,810.39            1,810.39
POINTS
*CASH REQUIRED           18,810.39           34,010.39           64,410.39         94,810.39
INTEREST RATE 6.500% 6.500% 6.500% 6.500%
Term 30 yr 30 yr 30 yr 30 yr
MONTHLY PAYMENT $1,825.41 $1,729.34 $1,537.19 $1,345.04
REAL ESTATE TAXES (with deductions) 30.20                   30.20                   30.20                  30.20
**HOMEOWNERS INSURANCE 125.00 125.00 125.00 125.00
***MORTGAGE INSURANCE 120.33 91.20 00.0 00.0
TOTAL PAYMENT     $2,100.94 $1,975.73 $1,692.39 $1,500.24
GROSS MONTHLY INCOME TO QUALIFY $7,503.37 $7,056.20 $6,044.24 $5,357.99
GROSS ANNUAL INCOME TO QUALIFY $90,040.39 $84,674.35 $72,530.83 $64,295.89

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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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