Regency at Bolton
AFFORDABILITY ANALYSIS
|
| Home Price |
$150,000.00 |
$150,000.00 |
$150,000.00 |
| Interest Rate |
6.18% |
6.18% |
6.18% |
| |
| Down Payment (%) |
5.00% |
10.00% |
20.00% |
| |
| Down Payment ($) |
$7,500.00 |
$15,000.00 |
$30,000.00 |
| |
| Mortgage Amount |
$142,500.00 |
$135,000.00 |
$120,000.00 |
| |
| Monthly Expenses |
|
Principal & Interest |
$870.92 |
$825.08 |
$733.41 |
Real Estate Taxes |
$169.50 |
$169.50 |
$169.50 |
Private Mortgage Insurance |
$92.03 |
$87.19 |
|
| Association Fee |
$130.00 |
$130.00 |
$130.00 |
| Hazard Insurance |
$50.00 |
$50.00 |
$50.00 |
| |
| TOTAL Monthly Expenses |
$1,312.45 |
$1,261.77 |
$1,082.91 |
| |
NOTES:
ALL values are estimates and are subject to change.
Bolton Residential Tax Rate = $13.56 per thousand.
* A 20% Down Payment will eliminate Private Mortgage Insurance |
|
