Purchase Price: $390,000

 

Minimum  downpayment: 20% - $78,000 plus closing costs.

Closing Costs: $7,500 - approximately

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

 

Total Monthly Payments: $3,400.00 - approximately

 

Amortization: 15 years

Balloon Payment: 5 years (negotiable)

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

 

Monthly P&I: $2,307.00

HOA: $786.00, includes exterior property insurance.

Real Estate Taxes: $300.00 monthly

Optional Personal Property Insurance: TBD