 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
|
|
|
|
|
Slate Rock Crossing |
 |
John Bowman, Owner/Agent |
Financing Options
Slate Rock Crossing
LOT 2
Highland Trace Realty, Inc.
John B. Bowman, Broker
Phone :(304)874-3030
| April 1, 2010 | FHA 30 Year |
Rural Housing |
20 Year Fixed |
| Price | $265,000 |
$265,000 |
$265,000 |
| Down payment % | 3.50% |
0% |
5% |
| Down Payment | $9,275 |
$0 |
$13,250 |
| Seller Contribution | $0 |
$0 |
$0 |
| Closting Cost | $3,500 |
$3,500 |
$3,500 |
Total Cash |
$12,775 |
$3,500 |
$16,750 |
| Loan amount | $269,638 |
$270,300 |
$251,750 |
| Interest rate | 5.000% |
5.250% |
5.000% |
| A. P. R. | 5.375% |
5.625% |
5.375% |
| Principal & Ineterest | $1,123 |
$1,183 |
$1,049 |
| Taxes | $100 |
$100 |
$100 |
| Insurance | $50 |
$50 |
$50 |
| HOA/Condo fee | $0 |
$0 |
$0 |
| P. M. I. | $0 |
$0 |
$0 |
Total Monthly |
$1,273 |
$1,333 |
$1,199 |
| Additional Monthly debt | |||
| Income required | |||
| Tax bracket | 28% |
28% |
28% |
| Deductions | $343 |
$359 |
$322 |
Effective Monthly |
$931 |
$973 |
$877 |
ALCOVA MORTGAGE offers a full line of mortgage loan products for all your home financing needs.
Competitive Rates and Outstanding Service!
Call today for a free consultation or prequalification.
DOUG SLOAN
Your Mortgage Professional
Office 540.450.4500 Cell 540.327.5014
Please note that rates/points quoted are typical as of the day prepared and are subject to change without notice. The above figures are estimates only intended to provide the prospective purchaser with guidelines for financing. Consult with an accountant for income tax advice. Information is deemed reliable but not guaranteed.
