Purchase Price: $485,000

 

Minimum  downpayment: 10% - $48,500 plus closing costs.

Realtor Fee: 1.5% of purchase price: $7,275.00

Closing Costs: $7,108.25 - depending on closing date

Escrow Real Estate Taxes For Three Months: $1,800.00

 

Interest Rate: 5.00%

Monthly P&I: $2,343.23

HOA: $800.00, includes windstorm & peril insurance.

Real Estate Taxes: $565.00 monthly

Optional Personal Property Insurance: TBD

 

Total Monthly Payments: $3,800.00 - approximately

 

Balloon Payment: 5 years (negotiable)