|
|
| Purchase & Financing Information |
| Sale Price of Home: |
(In Dollars) |
| Percentage Down: |
% |
| Length of Mortgage: |
years |
| Annual Interest Rate: |
% |
|
Return To Property Details
|
| Mortgage Payment Information |
| Down Payment: |
$19,900.00 |
| Amount Financed: |
$179,100.00 |
| Monthly Payment: |
$1,073.79
(Principal & Interest ONLY) |
| |
Since you are putting LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which tends to be about $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $98.51 to your monthly payment.
|
| Monthly Payment: |
$1,172.30
(Principal & Interest, and PMI) |
| |
Residential (or Property) Taxes are a little harder to figure out...
Let's say that your property's assessed value is 85% of what you actually paid for it - $169,150.00. This would mean that your yearly residential taxes will be around $2,368.10 This could add $197.34 to your monthly payment.
|
TOTAL Monthly Payment: |
$1,369.64
(including PMI and residential tax)
|
