209 Parkerville Road
Sample Affordability Analysis
|
| Home Price |
$189,000.00 |
$189,000.00 |
$189,000.00 |
| Interest Rate |
5.29% |
5.29% |
5.29% |
| |
| Down Payment (%) |
5.00% |
10.00% |
20.00% |
| |
| Down Payment ($) |
$9,450.00 |
$18,900.00 |
$37,800.00 |
| |
| Mortgage Amount |
$179,550.00 |
$170,100.00 |
$151,200.00 |
| |
| Monthly Expenses |
|
Principal & Interest |
$995.93 |
$943.52 |
$838.68 |
Real Estate Taxes |
$221.00 |
$221.00 |
$221.00 |
Private Mortgage Insurance |
$95.00 |
$111.00 |
$0.00 |
| Hazard Insurance |
$95.00 |
$95.00 |
$95.00 |
| |
| TOTAL Monthly Expenses |
$1,429.93 |
$1,370.52 |
$1,155.68 |
| |
NOTES:
ALL values are estimates and are subject to change.
Southborough Residential Tax Rate = $14.06 per thousand
*Minimum Income required based upon 30% Housing Ratio, 5.29% interest rate and using traditional bank underwriting practices.
|
