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Purchase & Financing Information |
Sale Price of Home: |
(In Dollars) |
Percentage Down: |
% |
Length of Mortgage: |
years |
Annual Interest Rate: |
% |
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Return To Property Details
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Mortgage Payment Information |
Down Payment: |
$39,900.00 |
Amount Financed: |
$359,100.00 |
Monthly Payment: |
$2,152.99 (Principal & Interest ONLY) |
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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 $197.51 to your monthly payment.
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Monthly Payment: |
$2,350.49 (Principal & Interest, and PMI) |
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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 - $339,150.00. This would mean that your yearly residential taxes will be around $4,748.10 This could add $395.68 to your monthly payment.
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TOTAL Monthly Payment: |
$2,746.17 (including PMI and residential tax)
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