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Wild Rose Estates
AFFORDABILITY ANALYSIS
|
| Home Price |
|
$175,000.00 |
|
| Interest Rate |
|
5.09% |
|
| |
| Down Payment (%) |
|
5.00% |
|
| |
| Down Payment ($) |
|
$8,750.00 |
|
| |
| Mortgage Amount |
|
$166,250.00 |
|
| |
| Monthly Expenses |
|
Principal & Interest |
|
$901.63 |
|
Real Estate Taxes |
|
$192.00 |
|
Private Mortgage Insurance |
|
$108.00 |
|
| Hazard Insurance |
|
58.00 |
|
| Estimated Association Fee |
|
$149.00 |
|
| |
| TOTAL Monthly Expenses |
|
$1,408.63 |
|
| |
NOTES:
ALL values are estimates and are subject to change.
Andover Residential Tax Rate = $13.19 per thousand.
* Minimum Income required based upon 30% Housing Ratio, 5.09% interest rate and using traditional bank underwriting practices. |
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