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| John Smith ABC Realty 800.678.4105 |
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1234 My Street · Anywhere Iowa 50266
Financing Options
| Sale Price: $100,000 Monthly Fees: $100 Annual Taxes: $1,000 |
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| 15 Year Fixed | 30 Year Fixed | |
| Purchase Price | $100,000 |
$100,000 |
| Down Payment | 20% |
20% |
| Loan Amount | $80,000 |
$80,000 |
| Interest Rate | 4.875% |
5.500% |
| APR | 5.264% |
5.733% |
| Points | 1.000% |
1.000% |
Monthly Payment
| Principal & Interest | $627.44 |
$454.23 |
| Property Taxes | $83.33 |
$83.33 |
| Homeowners Ins. | $41.67 |
$41.67 |
| HOA/Condo Fee | $100.00 |
$100.00 |
| Mortgage Insurance | $0.00 |
$0.00 |
| Total Monthly Pmt. | $852.44 |
$679.23 |
Cash To Close
| Down Payment | $20,000.00 |
$20,000.00 |
| Closing Costs | $1,022.00 |
$1,022.00 |
| Escrow Reserves | $783.33 |
$783.33 |
| Total Cash to Close | $21,805.33 |
$21,805.33 |
Income to Qualify
| Gross Inc. to Qualify | $34,097.52 |
$27,169.25 |
| Max. Monthly Debt | $1,165.00 |
$928.28 |
| Qual Front Ratio | 30% |
30% |
| Qual Back Ratio | 41% |
41% |
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This financing analysis provided as a service of
Northwest Bank. |
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