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Financial Analysis Sheet
1126 Sample Street
Arlington, VA 22204
SALES PRICE: $228,000
| LOAN PROGRAM | 30-YEAR | 15-YEAR | 1-YR ARM |
|---|---|---|---|
| Total Loan Amount | $216,000 |
$216,000 |
$216,000 |
| Interest Rate***(as of 01/09) | 6.625% |
6.125% |
6.875% |
| Points | 1.000 |
1.000 |
1.000 |
| Down Payment | 5% |
5% |
5% |
MONTHLY PAYMENT |
|||
| Principal & Interest | $1,533 |
$1,977 |
$1,299 |
| Hazard Insurance* | $25 |
$25 |
$25 |
| Real Estate Taxes* | $209 |
$209 |
$209 |
| Morgage Insurance
Total Payment |
$139 $1,906 |
$121 $2,332 |
$139 $1,672 |
| QUALIFYING | |||
| Income Needed to Qualify** | $81,689 |
$99,951 | $71,640 |
| Maximum Monthly Debt | $817 | $999 | $716 |
| Cash Required to Close | |||
| Down Payment | $11,400 | $11,400 | $11,400 |
| Est. Closing Costs | $5,331 | $5,331 | $5,331 |
| Est. Prepaid & Escrow Amt.
Total Cash at Closing |
$1,634
$18,365 |
$1,600
$18,331 |
$1,489
$18,220 |
* Estimated
**Provided the total payment plus all additional debts do not exceed 36% of acceptable income.
***Rates are subject to change. Rates are shown with 1 point. Zero point rates are available.
Contact Us:
Main Telephone: 727-565-0000Fax: 775-295-2848
Email: ssherwood@jdmtg.com