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Blanchard Place
AFFORDABILITY
ANALYSIS
(For Illustration Purposes Only)
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Two Bedroom |
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Three Bedroom |
| Home Price |
$154,400.00 |
|
$171,700.00 |
| Interest Rate |
6.42% |
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6.42% |
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| Down Payment (%) |
5.00% |
|
5.00% |
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| Down Payment ($) |
$7,720.00 |
|
$8,585.00 |
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| Mortgage Amount |
$146,680.00 |
|
$163,115.00 |
| |
| Monthly Expenses |
|
Principal & Interest |
$919.41 |
|
$1,022.43 |
Real
Estate Taxes |
$188.11 |
|
$209.19 |
Private
Mortgage Insurance* |
$94.73 |
|
$105.35 |
| Estimated Association Fee |
$100.00 |
|
$110.00 |
| |
| TOTAL Monthly Expenses |
$1,302.26 |
|
$1,446.96 |
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NOTES:
ALL values are estimates and are subject to change.
Acton Residential Tax Rate = $14.62 per thousand.
* A 20% Down Payment will eliminate Private Mortgage Insurance
Pricing based on a 6.42% interest rate and traditional bank underwriting practices. |
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