How to buy this house

4750 S. COUNTY ROAD 150 W – 3 BEDROOMS, 2 BATHS - $345,000.



4750 S. COUNTY ROAD 150 W

% Down	5%	10%	20%	30%
PRICE	$ 345,000.00	$ 345,000.00	$ 345,000.00	$ 345,000.00
MORTGAGE AMOUNT	327,750.00	310,500.00	276,000.00	241,500.00
DOWN PAYMENT	17,250.00	34,500.00	69,000.00	103,500.00
CLOSING COSTS	1,800.00	1,800.00	1,800.00	1,800.00
PREPAIDS	2,405.12	2,405.12	2,405.12	2,405.12
POINTS
*CASH REQUIRED	21,455.12	38,705.12	73,205.12	107,705.12
INTEREST RATE	6.500%	6.500%	6.500%	6.500%
Term	30 yr	30 yr	30 yr	30 yr
MONTHLY PAYMENT	$2,071.60	$1,962.57	$1,744.51	$1,526.44
REAL ESTATE TAXES (with deductions)	152.56	152.56	152.56	152.56
**HOMEOWNERS INSURANCE	150.00	150.00	150.00	150.00
***MORTGAGE INSURANCE	136.56	103.50	00.0	00.0
TOTAL PAYMENT	$2,510.73	$2,368.63	$2,047.07	$1,829.01
GROSS MONTHLY INCOME TO QUALIFY	$8,966.88	$8,459.40	$7,310.96	$6,532.16
GROSS ANNUAL INCOME TO QUALIFY	$107,602.59	$101,512.84	$87,731.55	$78,385.97

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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.*