How to buy this house

302 WASHINGTON AVE. 4 BEDROOMS, 2 BATHS - $215,000.



302 WASHINGTON AVENUE

% Down	5%	10%	20%	30%
PRICE	$ 215,000.00	$ 215,000.00	$ 215,000.00	$ 215,000.00
MORTGAGE AMOUNT	204,250.00	193,500.00	172,000.00	150,500.00
DOWN PAYMENT	10,750.00	21,500.00	43,000.00	64,500.00
CLOSING COSTS	1,800.00	1,800.00	1,800.00	1,800.00
PREPAIDS	1,669.13	1,669.13	1,669.13	1,669.13
POINTS
*CASH REQUIRED	14,219.13	24,969.13	46,469.13	67,969.13
INTEREST RATE	6.500%	6.500%	6.500%	6.500%
Term	30 yr	30 yr	30 yr	30 yr
MONTHLY PAYMENT	$1,291.00	$1,223.05	$1,087.16	$951.26
REAL ESTATE TAXES (with deductions)	134.56	134.56	134.56	134.56
**HOMEOWNERS INSURANCE	100.00	100.00	100.00	100.00
***MORTGAGE INSURANCE	85.10	64.50	00.0	00.0
TOTAL PAYMENT	$1,610.67	$1,522.12	$1,321.72	$1,185.83
GROSS MONTHLY INCOME TO QUALIFY	$5,752.38	$5,436.13	$4,720.43	$4,235.09
GROSS ANNUAL INCOME TO QUALIFY	$69,028.60	$65,233.53	$56,645.19	$50,821.14

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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.*