Purchase Price: $550,000

 

Minimum  downpayment: 20% - $110,000 plus closing costs.

Closing Costs: $7,500 - approximately

Escrow Real Estate Taxes For Six Months: $2,400.00

 

Total Monthly Payments: $5,000.00 - approximately

 

Amortization: 15 years

Balloon Payment: 5 years (negotiable)

Interest Rate: 4.00% (negotiable if downpayment above 25%)

 

Monthly P&I: $3,255.00

HOA: $800.00, includes exterior property insurance.

Real Estate Taxes: $800.00 monthly

Optional Personal Property Insurance: TBD