Regency at Bolton
SAMPLE AFFORDABILITY ANALYSIS
|
| Home Price |
$154,200.00 |
$154,200.00 |
$154,200.00 |
| Interest Rate |
5.22% |
5.22% |
5.22% |
| |
| Down Payment (%) |
5.00% |
10.00% |
20.00% |
| |
| Down Payment ($) |
$7,710.00 |
$15,420.00 |
$30,840.00 |
| |
| Mortgage Amount |
$146,490.00 |
$138.780.00 |
$123,360.00 |
| |
| Monthly Expenses |
|
Principal & Interest |
$806.20 |
$763.77 |
$678.91 |
Real Estate Taxes |
$226.00 |
$226.00 |
$226.00 |
Private Mortgage Insurance |
$95.00 |
$90.00 |
|
| Association Fee |
$124.00 |
$124.00 |
$124.00 |
| Hazard Insurance |
$51.00 |
$51.00 |
$51.00 |
| |
| TOTAL Monthly Expenses |
$1,303.20 |
$1,256.77 |
$1,081.91 |
| |
NOTES:
ALL values are estimates and are subject to change.
Bolton Residential Tax Rate = $17.61 per thousand.
* A 20% Down Payment will eliminate Private Mortgage Insurance |
|
