The Willows - Ayer, MA
AFFORDABILITY
ANALYSIS
|
| Home Price |
$164,000.00 |
$180,000.00 |
$182,000.00 |
| Interest Rate |
6.17% |
6.17% |
6.17% |
| |
| Down Payment (%) |
5.00% |
5.00% |
5.00% |
| |
| Down Payment ($) |
$8,200.00 |
$9,000.00 |
$9,100.00.00 |
| |
| Mortgage Amount |
$155,800.00 |
$171,000.00 |
$172,900.00 |
| |
| Monthly Expenses |
|
Principal & Interest |
$951.20 |
$1,044.00 |
$1055.60 |
Real
Estate Taxes |
$128.00 |
$141.00 |
$142.00 |
Private
Mortgage Insurance |
$101.00 |
$111.00 |
$112.00 |
Estimated
Association Fee |
$100.00 |
$125.00 |
$115.00 |
| Hazard Insurance |
$25.00 |
$25.00 |
$25.00 |
| |
| TOTAL Monthly Expenses |
$1,306.00 |
$1,446.00 |
$1,450.00 |
| |
NOTES:
ALL values are estimates and are to change
Ayer Residential Tax Rate = $9.39 per thousand
* Minimum Income required based upon 30% Housing Ratio, 6.17% interest
rate and traditional bank underwriting practices
TH - Townhomes
DSFH - Detached Single Family Home |
|
